News Summary

• Artificial intelligence-linked stocks have accounted for more than 80% of the S&P 500’s gains so far in 2026.
• The bank added that memory and compute-related stocks currently appear the most attractive from a valuation perspective.
• Wall Street stocks pulled back sharply on Friday as a trio of headwinds — surging u.s. Treasury yields, rising oil prices, and uncertainty around the Federal Reserve — unwind.