Wall Street is hyping AI. This fund manager is betting instead on fires, HVAC and Berkshire Hathaway.

A Heartland Advisors fund manager is steering investors away from the Wall Street fervor around AI and is instead recommending investments in traditional sectors like HVAC and fire systems, where AI can reduce costs. This fund manager believes these sectors offer more stability and value as the technology becomes more affordable. This contrarian strategy highlights a broader skepticism about the immediate impact of AI on the broader market and suggests that some industries might benefit sooner from cost efficiencies than others.