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Sunday, November 8, 2026 · UTC
The Markets

Half of 2026 S&P 500 earnings growth traces to AI hardware spending

Goldman analysis outlines the narrow base of index earnings expansion this year

Priya Anand
Markets Analyst
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As of 2026-10-20 01:53 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
Goldman Sachs estimates that almost half of the S&P 500's earnings growth this year traces back to companies buying chips, servers, and power gear for artificial intelligence.[1]