Evercore Notes AI-Related Stocks Are Driving Most Gains for S&P 500
According to Evercore ISI, a small group of artificial intelligence-related companies is driving most gains in the S&P 500 index despite broader economic challenges. Micron (MU), Nvidia (NVDA), and Alphabet (GOOG) have contributed over 40% of year-to-date earnings-per-share forecast increases for the index.
Topics: artificial intelligence earnings expectations market concentration S&P 500 performance