Without AI, the US stock market has underperformed Europe over the past 5Y 🇺🇸🇪🇺

Since October 2021:
📈 S&P 500: +77.9%
📈 STOXX Europe 600: +38.8%
📈 US stocks excluding AI: +30.1%

AI has been a major driver of Wall Street's outperformance 🤖