Wall Street has been on a remarkable rally this year, with the S&P 500 and the Nasdaq Composite Index hitting a series of record highs on strong earnings growth and artificial intelligence craze. This shows that large-cap stocks have been the clear leader. We have highlighted five ETFs from the large-cap space that are at the forefront of the market rally so far this year. These are VanEck Vectors Semiconductor ETF (NASDAQ: SMH), Invesco S&P 500 Momentum ETF (ARCA:SPMO), Gabelli Growth Innovators ETF (ARCA:GGRW), Fidelity Blue Chip Growth ETF (BATS: FBCG) and MicroSectors FANG+ ETN (ARCA:FNGS). Here, we have highlighted some solid reasons as to why the large-cap space is outperforming. Strong Earnings Reports: Many large-cap companies have reported better-than-expected earnings driven by strong consumer demand and effective cost management. A research report from Deutsche Bank showed that earnings for a basket of stocks labeled "Mega-Cap Growth and Tech" grew 39% year over year in the first quarter, compared with 5.9% growth for the S&P 500. Magnificent Seven: The "Magnificent Seven" is the biggest engine of growth for the technology sector and the S&P 500 as a whole. It now accounts for 31% of weightage in the S&P 500. AI Boom: Large-cap stocks have been the biggest beneficiaries of the AI boom. Notably, NVIDIA (NASDAQ: NVDA), Apple (NASDAQ: AAPL), Alphabet (NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), ...