Something interesting is happening in the insurance money world – they're going all-in on AI giants.

Over the past three months through late November, US insurance companies have been quietly stacking up shares. We're talking about an average of $2.4 million flowing into Nvidia, Microsoft, Alphabet, and Meta every single day. That's not pocket change.

What makes this notable? These institutional players have maintained a consistent buying pattern across all four names. No flip-flopping, no profit-taking – just steady accumulation. When the slow-moving insurance capital starts positioning this aggressively in tech, it usually signals something beyond short-term speculation.

The insurance sector isn't known for chasing hype. Their capital allocation tends to reflect longer conviction cycles. Seeing them pile into the AI infrastructure layer (chips) and the application layer (search, social, cloud) simultaneously suggests they're betting on the entire AI value chain, not just one piece of it.