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The recent decline in artificial intelligence stocks serves as a reminder for investors to diversify their portfolios rather than concentrating holdings in the market's hottest sectors, CNBC's Jim Cramer said on Thursday.
Following months of AI infrastructure stocks leading market gains, Cramer noted that investors with exposure to other sectors are now seeing the benefits of that strategy.
On Thursday, Kimberly-Clark rose 4.7%, Waste Management climbed 3.9%, and Eli Lilly advanced 3.6%. For the week, all three stocks have gained at least 6%.
In contrast, the iShares Semiconductor ETF (SOXX) recorded its eighth consecutive day of declines, marking its longest losing streak in more than a decade.
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