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S&P 500 and Nasdaq 100 surge strongly since June 2024, Phil Rosen notes

S&P 500 and Nasdaq 100 surge strongly since June 2024, Phil Rosen notes
S&P 500 and Nasdaq 100 post sharp gains

Phil Rosen points out that since Goldman Sachs described artificial intelligence as "too much spend, too little benefit" in June 2024, the S&P 500 has climbed 38.5 percent and the Nasdaq 100 has risen 51.4 percent.

He emphasizes the risks of underestimating world-changing technology and the ongoing generational bull market.

Rosen previously highlighted Microsoft's 25% stock decline over the past year, despite its record $82.9 billion quarterly revenue in his recent article. He also noted that Intuit has dropped nearly 60 percent, making it one of the top S&P 500 losers this year according to his coverage. These observations have focused on sharp diverging performances among major companies.

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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