Reported 12 months ago
Since last year, the AI wave has inspired the continuous surge of US stocks, leading to a strong market trend that has pushed the S&P 500 index up by 15% in the first half of this year. While most analysts are optimistic about the US stock market's continuation of an upward trend in the second half of the year, the concentration of gains in a few tech stocks and the variables brought by the US presidential election in the second half remain concerns. Despite the impressive performance in the first half of this year, where the S&P 500 index hit 31 historic closing highs, there are worries about over-concentration in a few tech giants contributing to nearly 60% of the total gains.
Source: YAHOO