The AI revolution is coming. Invest in $10,000 handbags

News Snapshot:

How do you invest in the AI revolution? What’s the best way to ride a technological revolution that, the promoters say, will be as transformative as anything we’ve seen yet in the digital age? Here’s a counterintuitive idea, courtesy of Dhaval Joshi, chief strategist at BCA Research: puffed-up AI stocks themselves may not be the best bet; luxury goods companies, specifically French ones, could be. Joshi observes that, while you would have done very well by owning a portfolio of US tech stocks since the mid-1990s, “the pre-eminent growth sector” has been French luxury stocks. You can see what he...