41 shares related to artificial intelligence against 70% of the total gains of the S&P 500 index since November 2022.



The concentration of AI companies within the index has reached 45%.

For comparison: the share of the technology and communications sectors peaked at 41% during the dot-com bubble.

OpenAI, Anthropic, and xAI have not yet launched their shares for an IPO.

This means that AI concentration in the market may still be in its early stages.
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