Healthcare stocks have risen 23% over the past six months, leading the S&P 500; earnings reports from giants such as Eli Lilly (LLY.US) will determine whether the rally can continue.

Zhitong Finance APP has learned that as investor confidence in artificial intelligence (AI)-related stocks has been shaken, Wall Street funds are accelerating their flow into the healthcare sector in search of shelter from the volatility risk of tech stocks. Since the end of April, the S&P 500 Healthcare Index had risen by about 23% cumulatively as of Monday's close, not only outperforming the S&P 500 Index but also surpassing all other sectors, including the previously strong tech stocks and the energy stocks that rose amid the Iran war.