Fears of AI disruption drive capital rotation from software to physical-asset HALO stocks

As generative AI threatens to disrupt traditional enterprise software and prompts massive, unproven corporate capital expenditures, investors are rotating capital into 'HALO' (Heavy Assets, Low Obsolescence) stocks. This framework identifies businesses that are structurally immune to AI automation because their operations rely on physical real-world infrastructure and essential analog services. This transition drives a broader equity market reallocation away from high-multiple, potentially disruptible software companies toward tangible, capital-heavy value stocks.