S&P 500 Skewed Returns and Apple Intelligence
The S&P 500 is up 2.5% in the past month. But if we drill deeper, 70% of the stocks actually declined. The top six stocks, each with a market cap exceeding a trillion dollars, now take up 31% of the S&P 500 index. Their average 10.5% gain in the past month has masked the weakness in the U.S. stock market. Read more: https://drwealth.com/sp-500-hits-record-highs-but-most-stocks-are-down/
Only Apple has the audacity to rebrand AI as Apple Intelligence while partnering with ChatGPT for advanced AI functionalities instead of developing its own. Yet, Apple can still win due to one distinct advantage. Read more: https://www.drwealth.com/ai-apple-intelligence/
Apple stock rallied after getting onto the AI race:
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