AI Is Becoming the Stock Market’s Answer to Everything
- Never before has S&P 500 been so dependent on so few stocks
- Narrow breadth adds to growing list of worries among bears
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Rarely does a tech-powered stock rally come along that isn’t pilloried for the fragility of its foundation. Now, with a snowballing craze for artificial intelligence pretty much propping up the market by itself, the haters are out in force.
Never have so few stocks shouldered so much of the load in indexes such as the S&P 500 and Nasdaq 100, upon which trillions of passively invested dollars ride.