The surge of artificial intelligence (AI), the supremacy of the internet giants and expectations of the Fed's tightening cycle nearing its end are propelling growth companies to outperform value stocks.
Value stocks fell to a seven-month low in relation to growth stocks, already lagging by more than 20% year to date on the heels of an AI-related rally propelling equities in the technology sector.
The first four and a half months of 2023 have been broadly positive so far for U.S. stocks, with the S&P 500 index, which is closely tracked by the SPDR S&P 500 ETF Trust (ARCA: SPY), gaining 8%.
Though May isn’t over yet, let's look at three cannabis stocks that led the pack this month in revenue growth: Sundial (NASDAQ: SNDL), TerrAscend Corp. (OTCQX: TRSSF) and Curaleaf Holdings (OTCQX