Editorial companion

What stands out

David Kuo says he is moving into "boring" stocks as the tech rally cools, a concrete shift you can hear, not just a market theory. He made the call after a recent pullback in technology and chip stocks and as markets debate whether prices will snap back to pre-Iran war levels, while CNBC and other outlets have flagged the artificial intelligence (AI) trade as suddenly in the crosshairs of investors and regulators. The clip matters because it captures a familiar stage in market cycles: when excitement deflates, predictability becomes valuable again, and the companies you thought tedious start to look like shelter.