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Former Bridgewater exec Bob Elliott warns the AI stock rally is an "expectations mania" built on unrealistic growth assumptions.
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The article argues that the Global X Artificial Intelligence & Technology ETF (AIQ) offers a better approach to AI investing than concentrated semiconductor-focused ETFs. With $1 trillion in expected AI spending by 2026, the author recommends broad exposure to the AI theme across multiple segments including software, cloud computing, and hardware rather than betting on individual winners.
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