The 'AI Big 10': 10 AI Stocks Now Comprise 28% Of S&P 500, Up From 14% In 2023
Portfolio Pulse from Hayden Buckfire
The top 10 AI-related stocks now comprise 28% of the S&P 500, doubling their share since early 2023. This surge has significantly contributed to the S&P 500's performance, with NVIDIA, Google, and Microsoft being major drivers. The SPDR S&P 500 ETF Trust (SPY) has appreciated by over 30% in the past eight months.
June 18, 2024 | 3:45 pm
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POSITIVE IMPACT
Applied Materials, Inc (AMAT) holds 0.42% of the S&P 500, contributing to the index's performance.
Applied Materials' share in the S&P 500 and its involvement in AI advancements positively impact the index.
CONFIDENCE 60
IMPORTANCE 55
RELEVANCE 60
POSITIVE IMPACT
Advanced Micro Devices, Inc (AMD) holds 0.52% of the S&P 500, contributing to the index's performance.
AMD's share in the S&P 500 and its role in AI advancements contribute to its positive impact on the index.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 65
POSITIVE IMPACT
Amazon.com Inc (AMZN) holds 3.92% of the S&P 500, contributing to the index's performance.
Amazon's significant share in the S&P 500 and its role in AI advancements contribute to its positive impact on the index.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Broadcom Inc (AVGO) holds 1.73% of the S&P 500, contributing to the index's performance.
Broadcom's share in the S&P 500 and its role in AI advancements contribute to its positive impact on the index.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Alphabet Inc (GOOG) is a significant contributor to the S&P 500's performance, holding 4.49% of the index.
Alphabet's substantial share in the S&P 500 and its involvement in AI advancements positively impact the index.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Meta Platforms Inc (META) holds 2.62% of the S&P 500, contributing to the index's performance.
Meta's share in the S&P 500 and its involvement in AI advancements positively impact the index.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Microsoft Corp (MSFT) is one of the top drivers of the S&P 500's performance, holding 6.82% of the index.
Microsoft's significant share in the S&P 500 and its role in AI advancements contribute to its positive impact on the index.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Micron Technology Inc (MU) holds 0.35% of the S&P 500, contributing to the index's performance.
Micron Technology's share in the S&P 500 and its role in AI advancements contribute to its positive impact on the index.
CONFIDENCE 55
IMPORTANCE 50
RELEVANCE 55
POSITIVE IMPACT
NVIDIA Corp (NVDA) has been a major driver of the S&P 500's performance, holding 6.73% of the index.
NVIDIA's strong performance and significant share in the S&P 500 have been crucial in driving the index's gains.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Qualcomm Inc (QCOM) holds 0.52% of the S&P 500, contributing to the index's performance.
Qualcomm's share in the S&P 500 and its involvement in AI advancements positively impact the index.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 65
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) has appreciated by over 30% in the past eight months, driven by the significant performance of top AI stocks.
The SPY ETF's performance is closely tied to the S&P 500, which has seen significant gains due to the strong performance of top AI stocks.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100