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The AI trade has become unpredictable. That phrase, "the AI trade," refers to the collection of bets investors have placed on stocks expected to profit as artificial intelligence spreads through the economy.
CNBC's Jim Cramer said the volatility in that segment now makes high-quality companies outside the technology sector a more sensible home for new money.
The case Cramer is making Cramer's argument is straightforward: when a trade gets too hard to read, the risk-reward calculation shifts. He has not said the AI opportunity is over.
He has said the uncertainty surrounding it is now high enough that investors with fresh capital should look at better-understood businesses in other parts of the market.
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