00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A Goldman Sachs index tracking the S&P 500 without artificial intelligence-related stocks
00:09briefly outperformed the traditional index as investors shifted toward other sectors,
00:15according to CNBC. The index gained 12.4% through October 22nd, compared with the S&P 500's 12%
00:22increase. Both indexes are now nearly even following Monday's tech rally. Technology
00:28stocks have fallen about 7% this month, while consumer staples, healthcare, and utilities
00:34ETFs have gained 7% to 10%. Oppenheimer upgraded commercial services and insurance to overweight,
00:41citing a shift toward non-AI investments. Berkshire Hathaway's Class B shares have gained 8% this
00:47month, amid a rotation out of tech stocks, but continue to lag the S&P 500 for the year.
00:53Analysts also see opportunities in Eli Lilly and cruise operator Viking Holdings.
00:59For all things money, visit Benzinga.com.
