semiconductor / news / / Benzinga
The S&P 500 is still rallying, but the names driving the biggest gains look very different.
No Magnificent 7 stock was in the S&P 500's top 100 performers until Alphabet's recent gain.
KEY POINTS
- Value stocks now outnumber growth stocks among the S&P 500's top 50 year-to-date performers.
- Top S&P 500 performers include infrastructure companies like Seagate, Vertiv, and ON Semiconductor.
- Market gains are concentrated in firms supplying storage, power, and data center infrastructure for AI.
- J.P. Morgan notes S&P 500 index-level strength hides a shift in market leadership.
COMPANIES
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