Want to diversify a bit away from the AI theme? Try Evercore ISI's 'negative beta' stocks

Investors looking to diversify their portfolios beyond the AI hype might want to consider Evercore ISI's "negative beta" stocks, which include reliable names like Exxon Mobil and Mondelez International. These stocks are seen as a hedge against the potential overvaluation and subsequent bubble burst in the AI sector. By investing in these companies, which tend to perform inversely to market movements, investors can protect their portfolios from the volatility that might arise from AI's boom-and-bust cycle. This strategy offers a pragmatic way to safeguard wealth while exploring other stable investment opportunities.