According to @KobeissiLetter, the US energy sector now represents 2.6% of the S&P 500, near an all-time low. Source: @KobeissiLetter. Since the 2008 Financial Crisis, the sector’s index weight has fallen by 13 percentage points. Source: @KobeissiLetter. In the early 1980s, energy comprised about 26% of the S&P 500. Source: @KobeissiLetter. Nvidia NVDA alone reflects about 8.5% of the S&P 500’s market value, making NVDA roughly three times larger than the 22 energy stocks combined on a benchmark weight basis. Source: @KobeissiLetter. The source raises whether the AI revolution could revive the US energy sector, highlighting the current extreme concentration of market cap in AI-linked mega caps versus traditional energy equities. Source: @KobeissiLetter.