The stock market’s performance this year is largely being driven by four AI-focused companies. Nvidia and three other Big Tech names account for 60% of the gains, despite concerns that the rally could soon slow down.
For investors, investing in tech stocks has become a near necessity due to their strong track record. The S&P 500 index, which measures the overall performance of the US stock market, is heavily reliant on these AI-powered companies.
Source: https://www.marketwatch.com/story/the-entire-stock-market-is-being-carried-by-these-four-ai-stocks-6e69fbbd