JPMorgan's Cembalest says 42 AI stocks account for 60%-80% of S&P earnings growth, returns and capex since Jan 2024

Michael Cembalest of JPMorgan says a basket of 42 AI stocks accounts for 60%-80% of all S&P earnings growth, price returns and capital spending since January 2024, warning about US reliance on AI.

Detected & updated continuously · Source: Nebula