S&P 500 would reportedly be down 5.7% without AI and chip stocks since late August
Steve Rattner says the index gained 2.4% over that stretch, while chip stocks rose 16%.
TLDR
Steve Rattner said on October 6 that removing AI and chip stocks from the index would leave it down 5.7% since late August, compared with a 2.4% gain for the S&P 500. He said chip stocks rose 16% over the same period and argued that AI was holding up the market.
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