Business

AI Investment Strategies Differ on Wall Street

Updated 2026-10-06 11:25 UTC 2 sources Neutral

While Wall Street is bullish on AI, a fund manager at Heartland Advisors advises investors to focus on traditional sectors like HVAC and Berkshire Hathaway. This reflects differing views on the long-term impact of AI in finance.

Coverage timeline — 2 articles

CNBC

Unsure how long this AI bull has? Bonds now offer a cushion at the best values in years

See an AI-generated hypothetical portfolio derived from my TV talk and this column's archives.

2026-10-06 11:08 UTC

MarketWatch

Wall Street is hyping AI. This fund manager is betting instead on fires, HVAC and Berkshire Hathaway.

The co-portfolio manager at Heartland Advisors urges investors to shut out Wall Street’s hype on AI and look for companies that can use its technology as costs come down.

2026-10-06 11:15 UTC