KEY POINTS
- The S&P 500 outperformed the S&P 500 Equal Weight Index by more than 10% during the first half of 2024 due to the growing influence of a few artificial intelligence stocks.
- In the past, when the S&P 500 has outperformed its equal-weight counterpart during the first half of the year, the S&P 500 has returned a median of 17.9% over the next 12 months.
- Some analysts believe AI stocks are in a bubble reminiscent of the dot-com crash, but the facts simply do not support that theory.