The U.S. stock market currently stands on shaky ground. The stark difference between high borrowing costs and the rise of powerful growth trends like artificial intelligence (AI) and weight-loss drugs has recently drawn investors toward a small handful of large-cap stocks. Consequently, large-cap U.S. growth stocks surpassed their small- and mid-cap counterparts by more than 30 percentage points in 2023, a trend that has only gained momentum in 2024.

Speaking to this point, chipmaker Nvidia has blasted higher by 59.1% in less than two full months into 2024, and weight-loss juggernaut Eli Lilly has seen its shares climb by over 32.2% over the same period. Meta Platforms, the social media and metaverse titan, has also gotten in on the large-cap growth bonanza, with its shares up by a healthy 36.8% in 2024.

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Source Fool.com