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Published: Jul 18, 2023 4 min read

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Money

Tech stocks are all the rage in 2023, thanks in part to the booming interest in artificial intelligence. But there are some non-tech stocks that are having an even better year, as far as gains go.

A small but mighty group of stocks in the S&P 500 is actually doing better than the index's overall tech sector, which has soared 43% year-to-date, according to data from S&P Dow Jones Indices. Take the cruise industry's Carnival Corporation, for example, which is up 127% for the year.

To be fair, many of the tech giants that are getting attention are still outperforming this group of non-tech stocks. Nvidia — which supplies AI hardware and software — has jumped 230%. Meanwhile, Apple became the first company ever to close at more than $3 trillion in valuation this year as its stock is up 55% year-to-date. But when looking at S&P 500 tech players overall, there are certainly other industries that should be getting some of that attention.