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CNBC Pro contributor warns expanding AI trade is turning traditional safety stocks into a 'Texas hedge'
A CNBC Pro contributor warns that the growing AI trade is infiltrating traditionally safe sectors like utilities, making them riskier and creating a "Texas hedge" scenario where buying perceived safety stocks could actually increase risk. The contributor suggests consumer staples, such as the Consumer Staples Select Sector SPDR Fund (XLP), as a potentially better choice for investors seeking protection.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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