Investors Should Back the AI Maximalists
Polar Capital is bullish on AI, believing the sector is far from being a bubble.
Britain's investment establishment thinks the US market, particularly the "Magnificent Seven" tech stocks, is an investment bubble destined to implode as AI hype dissolves.
In contrast, US investors are more optimistic. The Magnificent Seven's market share of the S&P 500 has doubled to 32% since 2022, while their share of corporate earnings rose from 13% to 23%, notes strategist Ed Yardeni.
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Author's summary: Polar Capital backs AI maximalists.
- Magnificent Seven's market share of S&P 500: 32%
- Share of corporate earnings: 23%
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