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It's not just AI that's up. Here are all the sectors of S&P 500. AI is through the roof, but other areas are also up.
Especially when you look at versus the historical. The S&P is up just under 20%.
Sector
YTD Return
Energy
~ +4.5%
Materials
~ +7.5%
Industrials
~ +17.0%
Consumer Discretionary
~ +3.5%
Consumer Staples
~ +4.8%
Health Care
~ +1.5%
Financials
~ +11.2%
Information Technology
~ +22.9%
Communication Services
~ +22.4%
Utilities
~ +18.9%
Real Estate
~ +1.9%