Wealthion · Monday, August 3, 2026
Jim Bianco asserts that Artificial Intelligence (AI) represents the most significant technological innovation in history, exceeding even the impact of the internet and personal computers. He notes that AI-related stocks, including semiconductors and energy suppliers, currently constitute 45% of the S&P 500, a figure that reached 49% at its peak in early June.
“I believe AI is the biggest technology innovation that we have ever seen.”
“And that includes, that includes the internet, that includes the PC.”
“That is, as of a couple of days ago, the last time I looked at it, it's about 41 stocks and that's a specific number because I got it from Michael Kembless at JP Morgan. That's 45% of the S&P 500.”