i'm starting to pay more attention to where capital could rotate if AI stops dominating equity returns Apple, Microsoft, Amazon and Google look better positioned to me than many of the memory and semiconductor names because they control more of the technology stack and have diversified businesses AI has driven so much of the market's performance over the past few years, but i'm interested in which sectors and undervalued companies could attract capital if that trend slows down there's also growing political uncertainty that could make investors more cautious in the near term figuring out where the next major rotation happens is one of the things i'm focused on right now