Wall Street's New Anti-AI Trade: 'HALO' Stocks Gain Traction Amid Tech Bloodbath

• A new investment strategy called "HALO" (Heavy Assets, Low Obsolescence) is gaining popularity on Wall Street.
• Investors are betting on companies with substantial real assets like grids, pipelines, and heavy machinery, believing they are less susceptible to AI disruption.
• Energy, materials, and consumer staples sectors are outperforming this year, while tech stocks, including many "Magnificent Seven" names, are struggling.
• Software stocks are experiencing a significant downturn due to fears that advanced AI, particularly from Anthropic, will cripple the industry.
• Bank of America identifies Apple and Chevron as beneficiaries of the HALO trend, with both showing gains this year.