Fact CheckThe Smothering Heights

Since the launch of ChatGPT in late 2022, what percentage of the S&P 500’s total returns, profits, and capital spending came from just 42 AI-linked companies?

45–55%

65–75%

Correct. A microscopic fraction of the market is doing all the heavy lifting.

85–95%

Insight 2 of 9 from the full story.

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