A new rotation is underway as investors abandon the tech ship in search of safer assets. AI hyperscalers are still posting solid earnings, but even Mag Seven stocks are selling off after posting impressive top and bottom-line beats. As bold AI capital expenditure (CapEx) plans are met with skepticism rather than optimism, the market is moving toward a risk-off environment, where commodities and sectors like consumer staples look more attractive. If the tech rotation continues to intensify, the three stocks we discuss today have upside potential in addition to strong dividend income.
