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Increasing AI Concentration in S&P 500 and Decline in Tech Sector

The Motley Fool +1 ·

  1. 1Bianco Research reported that the combined market capitalization of AI-related companies accounted for nearly 49% of the total S&P 500 market capitalization in early October.
  2. 2The S&P 500 recorded a decline of nearly 2% last week.
  3. 3The tech sector recorded a decline of nearly 8% last week.

So what's the key point?

AI-related companies make up nearly 49% of the S&P 500 index. Tech sector stock prices fell by nearly 8% last week.

Source The Motley Fool +1 · View original ↗

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