HUGE: AI DOMINATES BOTH U.S. EQUITIES AND CREDIT MARKETS



AI-linked firms now account for a record 45% of the S&P 500 market cap, while 15.4% of investment-grade debt is tied to AI- the largest sector in U.S. credit markets, per Kobeissi Letter.

AI-related debt has nearly doubled since 2020 to a record $1.4 trillion underlining the massive capital concentration in the sector.
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