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AI is carrying the S&P 500 rally

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The S&P 500’s rebound looks a lot thinner once AI enablers are stripped out.

The S&P 500’s latest rally is less broad than the headline index suggests. A Goldman Sachs index that excludes artificial intelligence enablers is slightly lower since late February, while the S&P 500 is up about 10% and AI winners have surged over 45%.

That makes this less a simple “bull market” story than a concentration story. AI is not just leading the tape — it is carrying a growing share of the index’s gains.

Read more from Yahoo Finance.

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