The market's getting lopsided in a big way.
AI stocks are up 58% this year. The rest of the S&P? Just 5%. That's a 53-point gap.
Semiconductors are running even hotter—up 78%. $MU is up 263%. $MRVL up 224%. $INTC and $AMD both up around 190%.
Meanwhile the broader S&P 500 is only up 13%. Nasdaq 100 at 22%.
This isn't diversification. It's concentration. A handful of AI names are doing all the heavy lifting while everything else sits still.
If you're not in AI, you're basically flat. And if this trade reverses, it's going to leave a mark.
AI stocks are up 58% this year. The rest of the S&P? Just 5%. That's a 53-point gap.
Semiconductors are running even hotter—up 78%. $MU is up 263%. $MRVL up 224%. $INTC and $AMD both up around 190%.
Meanwhile the broader S&P 500 is only up 13%. Nasdaq 100 at 22%.
This isn't diversification. It's concentration. A handful of AI names are doing all the heavy lifting while everything else sits still.
If you're not in AI, you're basically flat. And if this trade reverses, it's going to leave a mark.