The AI Trade Is Broadening — and Portfolios May Need to Catch Up
Artificial intelligence has been the dominant force behind equity market leadership, but that leadership has come at a cost: concentration. A small group of mega-cap stocks now accounts for an unusually large share of index weight, while the real economic footprint of AI continues to expand well beyond that narrow group.
The next phase of AI may look very different from the first.
That’s the focus of an upcoming live webinar I’m hosting with KraneShares, featuring Derek Yan, Senior Investment Strategist at the firm. We’ll be discussing how AI exposure is evolving from the Magnificent 7 toward a broader ecosystem that includes infrastructure, software enablers, robotics, and physical AI.
👉 Register here:
https://us06web.zoom.us/webinar/register/WN_Fcoe7POaRpaYUOGNokXAug
Why this conversation matters now
AI didn’t become dominant by accident. It outperformed because it delivered. But today, market concentration has moved faster than earnings contribution, and enterprise adoption has entered a new phase where AI is being embedded directly into workflows, production, and decision-making.
At the same time:
Innovation is increasingly staying private for longer
Robotics and automation are moving from concept to deployment
Energy availability and geopolitics are becoming binding constraints on AI development
The global AI race is intensifying, particularly outside the U.S.
These shifts raise an important question for investors and advisors alike: Is AI exposure too narrowly defined in portfolios today?
What we’ll cover in the webinar
During this CE-approved session, Derek and I will explore:
Why AI market leadership has become historically concentrated
How enterprise AI adoption is translating into real economic usage
The role of physical AI, robotics, and embodied intelligence in the next phase of growth
Portfolio construction considerations as AI broadens beyond mega-cap platforms
This discussion is designed to be educational, forward-looking, and practical for advisors thinking about concentration risk and diversification within thematic allocations.
Webinar details
Title: The AI Broadening Trade: From the Magnificent 7 to the Next Phase of AI
Host: Michael Gayed, Publisher of The Lead-Lag Report
Presenter: Derek Yan, Senior Investment Strategist, KraneShares
Date: Wednesday, January 28
Time: 11:00 AM – 12:00 PM ET
CE Credit: CFP® Board approved
If AI is moving from a narrow trade to a broad economic force, portfolios may need to evolve with it. I hope you’ll join us for the conversation.
👉 Save your spot here:
https://us06web.zoom.us/webinar/register/WN_Fcoe7POaRpaYUOGNokXAug