Investors pivot to defensive stocks as markets enter a ‘state of alert’

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Stock markets are increasingly cautious, with investors dramatically shifting from riskier technology stocks to safer, defensive stocks. Concerns about artificial intelligence returns, geopolitical tensions and the results of the US midterm elections have all triggered a severe sell-off in the previously soaring IT sector, CNBC reported.

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According to CNBC, rotation for defensive actions gains strength with technology volatility, AI concerns and Nasdaq fall in November