Editorial companion

What stands out

Tocqueville portfolio manager John Petrides called the market "very tricky" and urged selectivity with artificial intelligence (AI) stocks, arguing that not every company riding the AI wave deserves the same price or optimism. He stressed risk management and a long-term orientation, saying active choices about which AI businesses to own matter more now because valuations are bifurcated. That blunt framing from a professional allocator on a national business show crystallizes a common debate: chase the theme broadly, or pick the handful of companies likely to profitably monetize AI over years.