Anything not tied to artificial intelligence took off this week
S&P 500 stocks beyond the realm of AI are on pace for their second-largest weekly outperformance since 2024.
TL;DR
- Stocks outside the AI sector are outperforming the broader market by a wide margin.
- The S&P ex-AI index has shown significant outperformance compared to the S&P 500.
- This trend indicates investors are reassessing a market dominated by AI-related companies.
- The S&P ex-AI index was introduced to allow investors to measure or hedge against the AI trade.
- Companies offering rapid growth without relying on AI buildout are being identified as potential investments.