Why is there not a no-AI index fund?
I mean, not literally. Keep Nvidia and Alphabet and the flavoring company and the toilet company; every company is an AI company now. But:
- In the next few months, SpaceX, Anthropic and OpenAI will all probably go public at massive valuations.
- They will be fast-tracked into the major stock indexes, because those indexes are designed to
reflect the stock market , and reflecting the stock market, in 2027, will absolutely require big allocations to those three companies. - A lot of people are happy about this, because they like AI, Elon Musk, rockets, etc., ...
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