**AI Stocks Drive Market**

Since the start of **2024**, **42 AI stocks** have generated **67%** of the **S&P 500**’s price return, contributing **22 percentage points** of its **33%** gain. The other **458 stocks** added **11 percentage points**.

The AI basket also accounted for **58%** of earnings growth and **81%** of CapEx and R&D growth. The rest of the index contributed just **20%** of CapEx and R&D growth.

Only **29%** of stocks outperformed the **S&P 500** over the last **3 years**, near the **~25%** low during the **2000 Dot-Com Bubble**. **AI is all that matters.**

**** **[@venture](https://t.me/venture)