Worried About AI Concentration? Don’t Trade One Big Bet for Another
A market that keeps rewarding the same handful of stocks has a way of making diversification look pointless — until the day it isn’t. That tension is exactly what’s bothering a growing number of index-fund investors: they’ve done everything “right,” yet they can feel their S&P 500 fund turning into something closer to a basket of AI infrastructure stocks. The real question isn’t whether to panic about that. It’s whether there’s a way to lower that risk without quietly taking on a different, equally concentrated bet.