S&P 500 without AI briefly outperforms as tech rotation accelerates
Goldman Sachs ex-AI index now neck-and-neck with the benchmark, as defensive and non-tech stocks gain favor
A version of the S&P 500 that strips out artificial intelligence stocks briefly pulled ahead of the standard index this year and is now trading neck-and-neck, as investors rotate away from technology and into defensive sectors, according to data from Goldman Sachs and CNBC analysis.