[Svmuu News] Christian Mueller-Glissmann, a strategist at Goldman Sachs, said that as chipmakers’ stock prices continue to fluctuate, large-cap tech stocks may become more attractive amid the AI trading frenzy.Although the market has been led primarily by chipmakers and companies benefiting from AI capital expenditures—rather than hyperscale cloud service providers—Mueller-Glissmann pointed out that these leading stocks belong to the highly volatile segment of the AI sector and have accumulated significant positions and leverage through instruments such as ETFs and options.“If you believe the momentum behind AI will continue, you’d want to diversify your investments into hyperscale cloud service providers and possibly reduce your allocation to semiconductors. Because within the AI capital expenditure landscape, semiconductors are the truly volatile segment,” Mueller-Glissmann, Head of Asset Allocation Research at Goldman Sachs, said in an interview.(Bloomberg)