Looking back, the S&P 500 index has had a strong performance in 2023. As of Fri, 14 Jul 2023, it has gained +17.82% year-to-date (YTD), see below. S&P 500 - YTD performance Of the index’s 500 companies, Technology sector has been the best performing sector; rising by +21.65% by Q1 2023. Some of the biggest gainers include: $NVIDIA Corp(NVDA)$. $Meta Platforms, Inc.(META)$. $Tesla Motors(TSLA)$. $Salesforce.com(CRM)$. These companies have benefitted from: Strong earnings. Semiconductor industry performance. Artificial intelligence (AI) applications. Cloud computing services. However, analysts are sounding alarms on
[Live:Elon Musk plans Tesla and Twitter collaborations with xAI, his new startup]During a live audio session on Twitter, owner and chairman Elon Musk said his new AI startup, xAI, will use Twitter data for training the "maximally curious" artificial intelligence systems and products he hopes to build there.Other companies where Musk was a founder or serves as CEO, including Tesla, The Boring Co. and SpaceX, have done business together for years.The Tesla CEO also said his new artificial intelligence will collaborate with the automaker both on the "silicon front" and on the "AI software front." $Tesla Motors(TSLA)$