AI-linked Stocks Reach Record 45% of S&P 500 Market Cap
AI-linked stocks now account for a record 45% of the S&P 500's total market cap, according to The Kobeissi Letter, marking a significant shift in capital flows on Wall Street. This increase has been driven by the rise of AI since the launch of ChatGPT in 2022, with AI-linked debt also reaching a record 15.4% of US investment-grade debt. Hyperscalers like Amazon, Alphabet, Meta, Microsoft, and Oracle have played a major role in this trend.
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Topics: AI Credit Markets Global Equity Leadership Market Cap S&P 500 Tech Stocks