The S&P 500 is ‘extremely concentrated,’ Apollo economist says, warning the best AI investment may not be in the Magnificent 7

Jensen Huang, in a black leather jacket, stands on stage with a rocky mountain background projected behind him. (Credit: Chesnot—Getty Images)

• The S&P 500 has become a lopsided index, with the Magnificent Seven significantly increasing risk exposure for investors, according to Apollo chief economist Torsten Sløk. As the paths of the Magnificent Seven begin to diverge and the AI bubble swells, Sløk argues it’s time to begin questioning which AI companies to invest in.

It’s time to question the soundness of continued zealous investment in the Magnificent Seven, one top economist warns.