Investors shifted out of AI stocks into materials, industrials, financials, and healthcare in a sector rotation trend. Oracle’s stock decline sparked the AI selloff due to spending concerns. Jeremy Siegel warned of possible overexpansion in AI spending impacting profits. Market is rotating towards small and mid-cap Main Street stocks over mega-cap Wall Street names. Financial and healthcare stocks are now more attractive with a shift away from AI and tech sectors.

Read more at Yahoo Finance: There have been head fakes before, but this time may be different as the latest stock rotation out of AI is just getting started, analysts say