Too early to bet against AI trade, State Street suggests

Group 1 - State Street maintains a bullish outlook on the artificial intelligence sector despite the Nasdaq experiencing its worst week since April [1] - Chief business officer Anna Paglia believes that momentum stocks will continue to perform well as investors remain focused on growth narratives [2] - The SPDR NYSE Technology ETF has gained 38% year-to-date, although it saw a pullback of over 4% in the past week due to profit-taking in AI-related stocks [3][4] Group 2 - Paglia anticipates that a shift from growth to value investing is not imminent, as the market has yet to show signs of a slowdown in major trends [2] - Todd Rosenbluth indicates that a rotation towards health care stocks is beginning, with the Health Care Select Sector SPDR Fund gaining 5% since October 1 [5][6] - The Health Care Select Sector SPDR Fund has started to regain favor after being out of favor for much of the year, becoming the second-best performing S&P 500 group this week [6]