The latest craze over artificial intelligence or AI for short, spurred on by the introduction of ChatGPT in late 2022, has seen many outperforming the broader market in 2023.
According to data from Stock Rover, the best-performing equity sectors on a YTD 2023 basis, using Sector ETFs as a gauge, are 1) Technology, 2) Consumer Cyclical, and 3) Communications.
On the other extreme, 1) Utilities, 2) Consumer Defensive, and 3) Healthcare are the 3 worst performing sectors...