AI Now Controls 45% of the S&P 500: Is This a Bubble or a New Era?
AI Now Controls 45% of the S&P 500: Is This a Bubble or a New Era?
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🤯 58% of companies in the S&P500 mentioned AI on their 2nd quarter earnings calls. 📈 From Q1 2022 to Q2 2023, S&P companies that mentioned AI experienced an average stock price increase of 4.6% in the three days following their earnings call, nearly double the 2.4% gain for companies that did not. 🔥AI is a hot topic, and it is driving investment decisions based on FOMO (Fear Of Missing Out). If you missed out on NVIDIA or Palantir, you may fall prey to a hot stock tip about a “can’t miss” com
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