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AI-Frenzy Takes a Break

29 Jun 20245 분
AI-Frenzy Takes a Break

The AI-frenzy has helped pull the S&P 500 up by roughly 15% since the start of the year, enough to see the index hit more than 30 record highs during this period. But look beneath the hood, and you’ll see that many of the stocks that had benefited from the early enthusiasm for AI have actually declined this year, suggesting that investors are increasingly distinguishing between the good and the bad among companies claiming to be big winners from the AI trend.

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