Goldman Sachs has launched an S&P ex-AI index, SPXXAI, which lets you invest in the S&P 500 benchmark index minus all things AI.
Why it matters: This product is proof of the demand among investors for a way to hedge their exposure to the AI trade.
What they’re saying: “Excluding ‘AI enablers’ from the passive benchmark would eliminate the noise introduced by the AI hype,” Louis Miller, head of the firm’s equity custom basket desk, wrote in a note to clients about the new index.
- The ex-AI index is a compilation of all the stocks in the S&P 500 that are not related to AI, also referred to as old-economy stocks.
- It’s available exclusively to Goldman customers, created in collaboration with S&P Dow Jones Indices.
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https://www.axios.com/2026/02/20/ai-goldman-sachs-stocks-index
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