Beyond The AI Massacre: S&P500 Ex-AI Stocks Head For Best Month Since 2022
Summary
Beyond The AI Massacre: S&P500 Ex-AI Stocks Head For Best Month Since 2022 The AI trade was crushed Friday morning, with the Nasdaq 100 tumbling 3% and the S&P 500 down 1.5%. Intel suffered its steepest intraday decline on record as AI-led selling deepened this week's tech rout. GS Broad AI US Index, Goldman Sachs' basket of US-listed stocks exposed to AI, sank 4.7%. Meanwhile, the equal-weighted S&P 500 gained about 1.2%, a sharp divergence beneath the surface that suggests losses remained heavily concentrated in large-cap tech and AI-related stocks. The S&P 500's best-performing sector this…
Description from Zero Hedge.
Who is covering this
-
Beyond The AI Massacre: S&P500 Ex-AI Stocks Head For Best Month Since 2022
Beyond The AI Massacre: S&P500 Ex-AI Stocks Head For Best Month Since 2022 The AI trade was crushed Friday morning, with the Nasdaq 100 tumbling 3% and the S&P 500 down 1.5%. Intel suffered its steepest intraday decline on record as AI-led selling deepened this week's tech...
Low reliability sourceElevated risk
