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Beyond AI: Why healthcare stocks are hitting record highs

Moomoo · 10/16 07:41 UTC

Investors are shifting attention to the healthcare sector as AI-related stocks come under pressure. Concerns about returns on AI spending, high valuations and the US interest rate outlook have increased the appeal of companies with predictable earnings and defensive demand. As of the October 15 close, the Health Care Select Sector SPDR Fund (XLV.US) hit a record high.

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