Bet against the bubble: Goldman Sachs’ non-AI stock index

Goldman Sachs announced a new stock index on Friday, SPXXAI — the Standard & Poor’s 500 top US stocks, minus the AI companies: [Axios, archive] Excluding ‘AI enablers’ from the passive benchmark would eliminate the noise introduced by the AI hype,” Louis Miller, head of the firm’s equity custom basket desk, wrote in a note […]