Mmastodon BusinessEconomy first seen 15 h ago, last 11 h ago, peak #3

Two companies drive a third of S&P 500 earnings growth

Original: "Only 2 companies🚨have contributed 34% of the S&P 500's earnings growth. Q3 earnings are expected up 30% YoY, but Nvidia

Market analysts are highlighting how narrow the S&P 500's Q3 earnings growth really is. Nvidia and Micron alone are expected to account for 34% of the index's projected 30% year-on-year earnings increase, while just ten companies deliver two-thirds of it. The remaining 490 firms contribute roughly 10%. Commentators argue the rally is less a broad expansion than a concentrated bet on a handful of AI-linked chipmakers.

Why now: Concerns are growing that equity market gains depend almost entirely on a few AI chip stocks, raising concentration risk.

S&P 500NvidiaMicron

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Evidence

• "Only 2 companies🚨have contributed 34% of the S&P 500's earnings growth. Q3 earnings are expected up 30% YoY, but Nvidia & Micron drive 34% of it. 10 companies🚨= 2/3. The other 490?🚨A paltry 10%. A rally this narrow is not breadth, it's a concentration bet." -Nic "This… · KimPerales@toad.social · 1

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