The S&P 493 index, the S&P 500 index excluding the 7 largest technology stocks, is up just 4% this year. $SPY-0.2%

While the S&P 7, also known as the 7 largest companies in the S&P 500, rose 52%.

Taken together, the S&P 500 index as a whole is up 13% this year.

The seven largest stocks in the S&P 500 now account for a whopping 34% of the value of the entire index.

Without these 7 stocks, the S&P 500 Index is essentially FAT and almost unchanged this year.

What happens if the AI excitement and hype around it fades?

Judging by $META'+0.3% s latest event, the AI hype is far from over, it's about time.

It's interesting and sometimes it scares me a little. However, I know that these are quality companies and their stocks have been going up for a long time and they have been pulling up the index for a long time.

The big companies are still on top and for example $AAPL+0.5% has looked at all new highs. I'm curious if anything will ever replace them and what it will be.

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