Investors should diversify beyond AI amid rising interest rates – analyst

What happened: Joe Amato, president and chief investment officer at Neuberger Berman, said investors should diversify their portfolios beyond artificial intelligence, citing significant market risk from high concentration in AI-related stocks amid rising interest rates. Why it matters: The comment points to concentration risk in AI-related holdings as a portfolio concern while interest rates are rising. Key numbers: None.

Joe Amato, president and chief investment officer at Neuberger Berman, said investors should diversify their portfolios beyond artificial intelligence, citing significant market risk from high concentration in AI-related stocks amid rising interest rates.

The comment points to concentration risk in AI-related holdings as a portfolio concern while interest rates are rising. Key numbers: None.