) saw the biggest jump in their market capitalization in March, driven by artificial intelligence enthusiasm and anticipation for new products and expansion plans.
Nvidia’s shares saw an upswing last month as the company announced its latest flagship AI processor is slated for release later this year, while Alphabet’s shares got a lift from reports of Apple’s interest in integrating Google’s Gemini AI engine into the iPhone.) faced the largest market cap drop, falling about 13% to $559.8 billion amid demand concerns, rising competition, and scrutiny over CEO Elon Musk’s $56 billion pay package.) experienced a decline, with its market cap dropping 5.
“For investors with excessive exposure to large-cap tech names and looking to diversify beyond the sector, we see opportunities in US small-caps and select European small- and mid-cap stocks,” said Mark Haefele, chief investment officer at UBS Global Wealth Management.
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