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Fortune
Fortune
Alicia Adamczyk

Tech’s surge and plunge makes the perfect case for index-fund investing, says Wall Street guru Burt Malkiel

Dow Jones Industrial Average Closes Down 500 Points (Credit: Spencer Platt—Getty Images)

Nvidia and the rest of the Magnificent Seven tech stocks dominated the markets during the first half of the year, leaving many investors to wonder how they can tweak their portfolio to best take advantage of the historic runs. But a longtime investing expert is encouraging investors to tune out the noise and focus on the fundamentals.

Burton Malkiel, author of the bestselling investing book A Random Walk Down Wall Street, tells Fortune that trying to get in on individual AI stocks now could be a big mistake for the average investor. Just look at the shakiness of the markets over the past few weeks.

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