Life After AI: Where The Money Is Now Moving

What happened: Dow futures were green while Nasdaq futures were down roughly 0.5%, a divergence the author links to a rotation away from speculative AI and technology investments toward established companies with predictable earnings. Key numbers: Nasdaq futures down roughly 0.5%; Why it matters: JPMorgan's desk described demand for large-cap quality and hyperscalers like Amazon, Microsoft and Alphabet, while second-tier AI infrastructure names such as CoreWeave and Nebius showed weakness. The author argues investors are becoming more selective within technology rather than abandoning it.

Dow futures were green while Nasdaq futures were down roughly 0.5%, a divergence the author links to a rotation away from speculative AI and technology investments toward established companies with predictable earnings.

JPMorgan's desk described demand for large-cap quality and hyperscalers like Amazon, Microsoft and Alphabet, while second-tier AI infrastructure names such as CoreWeave and Nebius showed weakness. The author argues investors are becoming more selective within technology rather than abandoning it.