Healthcare sector is outperforming the broader market as investors rotate away from AI and risk-on investments toward defensive sectors

"Investors who bet on AI and against traditional cyclical sectors outperformed, while those who saw Trump as a champion of US manufacturing, heavy industry and working-class consumption suffered"

"Healthcare stocks have outperformed in the past month amid a rotation away from the AI trade and other risk-on investments. The healthcare sector has outperformed the broader market in the past month, largely lifted by a rebound in biopharma funding and improving investor sentiment toward medical service providers."