A good portion of this growth can be attributed to the phenomenal performance of artificial intelligence-powered technology stocks that are a part of the index.
Artificial intelligence (AI) technologies are fast becoming integral parts of our daily lives through areas such as autonomous driving, claims processing, and telehealth.
Shares of social media giant Meta Platforms gained around 220% in 2023 and have risen by an additional 8.8% so far in 2024.
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