Artificial intelligence (AI) is boosting the US stock market, with megacap stocks such as Microsoft, Google parent Alphabet, Nvidia, Apple and Meta platforms responsible for the majority of the S&P 500’s 9% year-to-date return. About 25% to 50% of the gains are due to optimism around AI, according to DataTrek Research. Societe Generale has predicted removing the top 20 stocks linked with AI from the S&P 500 would reduce the index’s performance by 10%. Analysts view AI as a major driver of future productivity and profit, citing generative AI as producing margin-expanding productivity gains.
Small & midcaps in a time correction phase, recovery expected in FY26: Trideep Bhattacharya
India’s competitive advantage is improving due to cooling dollar and oil prices, with tariffs on China benefiting India. Sectors like financials, real estate, and building