Geopolitics Alpha

Stocks Without AI Are Beating the S&P 500 by 6 Points This Month

Published . Updated .

Covered by 2 outlets: 24/7 Wall St., Yahoo Finance.

Who covered it: Center 1 · Not rated 1. How we rate outlets

Stocks Without AI Are Beating the S&P 500 by 6 Points This Month

Something unusual happened in October: the parts of the market farthest from AI surged while megacap tech stalled, and now a record-breaking gap is sitting right in the path of the biggest earnings week of the year.

Directly affected

  • No company is named in this report.

Indirectly affected

  • QQQ Invesco QQQ+1.7% 18d

    Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.

  • AIQ Global X Artificial Intelligence & Technology ETF-1.8% 30d

    Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.

  • MSFT Microsoft+8.4% 30d

    Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.

  • GOOGL Alphabet-6.5% 30d

    Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.

  • AMZN Amazon.com+2.9% 30d

    Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.

  • META Meta Platforms-7.9% 30d

    Meta Platforms (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
QQQ+0.56%-2.36%baseafter closeafter closeafter closeafter close
AIQNo price data for this ticker———————
MSFTNo price data for this ticker———————
GOOGLNo price data for this ticker———————
AMZNNo price data for this ticker———————
METANo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Stocks Without AI Are Beating the S&P 500 by 6 Points This Month 24/7 Wall St.

Source: 24/7 Wall St.

Invesco Qqq Trust, Series 1 (QQQ) since this story, compared with the market

CompanyWhenMoveStatus
Invesco Qqq Trust, Series 1 (QQQ)three days earlier-2.36%final price
Invesco Qqq Trust, Series 1 (QQQ)five days earlier+0.56%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Invesco Qqq Trust, Series 1 (QQQ)

Companies tied to this story

  • QQQ Invesco Qqq Trust, Series 1

    In “Stocks Without AI Are Beating the S&P 500 by 6 Points This Month,” Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence. Reason on file: Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story

  • AIQ Global X Fds

    In “Stocks Without AI Are Beating the S&P 500 by 6 Points This Month,” Global X Fds (AIQ) is linked, with no stored direction, medium confidence. Reason on file: Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story

  • MSFT Microsoft

    In “Stocks Without AI Are Beating the S&P 500 by 6 Points This Month,” Microsoft (MSFT) is linked, with no stored direction, medium confidence. Reason on file: Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story

  • GOOGL Alphabet

    In “Stocks Without AI Are Beating the S&P 500 by 6 Points This Month,” Alphabet (GOOGL) is linked, with no stored direction, medium confidence. Reason on file: Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story

  • AMZN Amazon Com

    For “Stocks Without AI Are Beating the S&P 500 by 6 Points This Month,” Amazon Com (AMZN) is linked, with no stored direction, medium confidence. Reason on file: Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story

  • META Meta Platforms

    Meta Platforms (META) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Stocks Without AI Are Beating the S&P 500 by 6 Points This Month.” Reason on file: Meta Platforms (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story

Invesco Qqq Trust, Series 1 (QQQ)

Invesco Qqq Trust, Series 1 (QQQ) is the company in “Stocks Without AI Are Beating the S&P 500 by 6 Points This Month,” the 28 Oct 2026 this story story.

For Invesco Qqq Trust, Series 1 (QQQ), the reason on file says Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story

A second company, Global X Fds (AIQ), is listed for a different reason: Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story

Price levels for Invesco Qqq Trust, Series 1 (QQQ)

AIQ traded between 61.70 and 67.40 across 19 sessions. The latest close on file is 62.94. MSFT traded between 510.42 and 551.08 across 20 sessions. The latest close on file is 531.58. QQQ traded between 701.18 and 762.84 across 18 sessions. The latest close on file is 721.22.

A simple score for Invesco Qqq Trust, Series 1 (QQQ)

54 out of 100

“Stocks Without AI Are Beating the S&P 500 by 6 Points This Month” scores 54 out of 100. The score uses 2 sources, and 6 linked companies.