Subject: Re: If AI juices productivity, small stocks are king
"Every 1% labor cost saving translates to an aprox. 2% gain in the S&P 500 but 6,4% in the Russell2000"

That reasoning presupposes that the ability to deploy LLMs in a profitable way to reduce labour cost, as a percentage of that cost, is entirely independent of business size or industry.

Which might well be true, but I wouldn't bet the farm on that assumption. I have a hunch that Meta's programmers are going to get more of a productivity boost than Granite Construction Inc.

Jim