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AI shares outperform while most S&P 500 stocks fall, Andreas Steno Larsen argues

AI shares outperform while most S&P 500 stocks fall, Andreas Steno Larsen argues
AI stocks lift S&P 500 as others fall

Andreas Steno Larsen, founder & CEO, points out a dramatic divide in the U.S. stock market between AI stocks and all other sectors.

According to Steno Larsen, while the S&P 500 recently closed up 1.65%, the index excluding AI stocks fell 0.11%, with AI-related names rising 5.65%. He emphasizes that, without AI, most of the broader market’s performance was negative.

Earlier this year, Steno Larsen noted that AI-related stocks reached a record share of the S&P 500. He has also covered the tech sector’s role in driving market valuations. In a separate report, he highlighted Bloomberg’s estimate that SpaceX is valued at $135 billion, boosting Musk’s net worth to $970.5 billion.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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