@lennardvanotterloo @pluralistic I would be cautious, however, to use the S&P493 as a measure of non-AI business. Or the Mag7 as a measure of AI business.

Firstly, many AI companies, including OpenAI and Anthropic, are neither in the S&P500 or Mag7.

Secondly, some Mag7 constituents, such as Apple, have fundamentals that are only moderately influenced by AI.

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