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 strategists like Ed Yardeni note the Magnificent Seven's market share of the S&P 500 has doubled to 32% since 2022, with their share of corporate earnings rising from 13% to 23%.
Investors should back AI maximalists.
Author's summary: AI sector is not a bubble, says Polar Capital.
- Magnificent Seven's market share of S&P 500 doubled to 32% since 2022
- Share of corporate earnings rose from 13% to 23%