WS #12913
US insurance stocks rally to a record as AI concerns drive traders toward defensive parts of the market; Apple reaches $5 trillion market cap as safe haven. Apple hits $5 trillion valuation for the first time, benefiting from lack of huge AI spending and investor flight to safety from chip sector selloff.
Tech/AI selloff and rotation to defensives
US insurance stocks rally to a record as AI concerns drive traders toward defensive parts of the market; Apple reaches $5 trillion market cap as safe haven.
Apple hits $5 trillion valuation for the first time, benefiting from lack of huge AI spending and investor flight to safety from chip sector selloff.