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Good morning from the Financial Times. Today is Monday, September 9th, and this is your

FT news briefing. Reject stocks are so hot right now.

A lot of tech stocks on the other hand are not.

Meanwhile, Google is heading back to court

and people in China are ditching Tesla's EVs.

I'm Kasha Bursolian, and here's the news you need to start your day. Ask anyone how tech stocks are doing these days and they'll probably say something like

really good. But that's kind of not the case. It's actually excitement about artificial intelligence that's offering a piggyback.

Investors have been throwing cash at companies like NVIDIA and Microsoft,

but you take AI out of the equation and recent financial reports

are showing that the more traditional tech businesses, you know, think of companies in software

and IT consulting, they just aren't growing as fast as they used to,

if they're growing at all. The tech sector more broadly has struggled to bounce back from the

pandemic, and because of this, some people are now predicting

that investors will turn their attention away from big tech stocks

and focus more on sectors like financial services.

Getting kicked out of stock indices like the S&P 500 can be a serious blow for a company. But asset

manager Rob R not has been saying, wait a minute, this is actually a big opportunity.

So much so that he's created a first of its kind exchange

...