2 days ago
AI Exacerbates Tech Divide With Smaller Stocks Languishing
The massive outlays required to compete for artificial intelligence riches have widened the performance gap between large and small tech shares.
A measure of smaller tech stocks is trailing a gauge of large-cap shares by the widest margin according to data compiled by Bloomberg going back 30 years. While Microsoft Corp. and Nvidia Corp. have soared 24% and 36% this year, respectively, boosting the large-cap tech index 16%, the small-cap tech index is down 1%.
