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Tesla data sparks rotation to EVs from AI as stock-market investors chase rally

Individual investors keep chasing a 2023 stock-market rally, but are showing signs of pivoting toward electric-vehicle makers and away from artificial-intelligence plays, a Wall Street research firm said Thursday.

Investors are not only snapping up individual names but playing equity exchange-traded funds, signaling that they remain bullish on the broad market as well as specific themes, wrote analysts at Vanda Research, in a weekly note.

“We…

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