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In recent market dynamics, artificial intelligence (AI) has become a hot topic. With a surge in interest in this field, more and more S&P 500 companies mentioned 'AI' during their Q2 earnings call. According to FactSet's document search tool, an analysis conducted between June 15 and September 13 of all 500 companies in the S&P index that held earnings calls revealed that 210 companies mentioned 'AI' in their meetings. This figure not only exceeds...

Recent research shows that exchange-traded funds (ETFs) that heavily rely on artificial intelligence (AI) systems for investment decisions have performed poorly, with most failing to outperform the S&P 500 Index. Among the 43 funds partially relying on AI, only 10 outperformed the index. In the case of 11 funds that completely rely on AI without human intervention, all underperformed the S&P 500 since October 2017, with six funds even recording losses despite an overall bullish market, averaging an annual loss of 1.8%. The research indicates that AI...

Following a surge in tech stocks driven by artificial intelligence that pushed the S&P 500 to an all-time high last week, UBS's Global Wealth Management team stated that investor enthusiasm for AI will remain a key theme in the U.S. stock market for 2024 and will drive tech stocks.

Investment in AI is becoming increasingly significant for the S&P 500. Microsoft and Nvidia have driven much of the index's rise, and many companies need to meet market expectations for their profit outlook. Nvidia is the primary engine driving profit growth, with stock price increases outpacing earnings expectations.