GoKawiilJim Cramer Cites AI Stock Slide as Case for Portfolio Diversification
CNBC's Jim Cramer said this week's decline in AI-related stocks shows the value of not concentrating investments in one sector. He noted gains in non-tech names like Kimberly-Clark, Waste Management and Eli Lilly even as the iShares Semiconductor ETF logged its eighth straight day of losses, its longest losing streak in over a decade. Cramer cited the CNBC Investing Club's Charitable Trust, which exited Corning and bought Kimberly-Clark in early September, as an example of a diversification move that has since paid off.