Updated Nov. 28, 2023 4:42 pm ET
This was supposed to be the year value stocks shined. Then AI mania took over and ran away with the spotlight.
Shares of big tech companies are surging this year and racing past value stocks once again, powered by investor optimism about the promise of artificial intelligence. That is a reversal from last year, when value stocks pulled ahead of growth stocks for the first time since 2016.
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