Weekly Market Recap – June 1, 2026

Since bottoming on March 30, U.S. equities have rallied 19% and continue to push to new all-time highs, fueled in large part by sustained enthusiasm around artificial intelligence. The first quarter earnings season highlighted extraordinary growth across the AI supply chain. As a result, AI-linked returns are no longer being driven solely by a small group of hyperscalers. This year, the opportunity set has broadened fromthe companies funding AI capex to the companies enabling it.