S&P 500's 26% Earnings Growth Hinges on a Handful of AI Stocks

S&P 500 earnings are expected to rise over 26% in 2026, per Reuters — up from roughly 15% in February. Technology sector names with direct AI revenue exposure carry a disproportionate share of that growth. The concentration means the headline figure may mask weakness elsewhere in the index, and Q2 earnings guidance underway in July leaves thin margin for disappointment.