The gap in returns between the S&P 500 and the index’s equal-weighted counterpart is at its widest in 15 years, underscoring the need to diversify beyond AI heavyweights such as Nvidia.
The S&P 500 is at record levels mostly due to a handful of megacap stocks such as Microsoft (MSFT.O), opens new tab and Nvidia (NVDA.O), opens new tab, fueling concerns that 2024’s rally could dissipate if the sentiment changes around those select AI-linked shares.
Source: REUTER
