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At close · Fri, Jul 24, 2026
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Industrials in the S&P 500 trade near tech valuations on AI boom

CNBC notes the industrials sector has moved its price to earnings level closer to tech stocks while investor flows into the group remain strong.

Reported · Written up by our desk · Sectors

CNBC Markets reports that the S&P 500 industrials sector is benefiting from the AI infrastructure boom, helping the group reach valuation levels closer to those of tech stocks.

The outlet points to industrials' price to earnings multiple rising to near tech levels, alongside strong investor flows into the sector.

CNBC World also frames the rally in industrials as part of broader momentum tied to demand for AI-related infrastructure spending, which is supporting investor interest in industrial companies.

Latest closeS&P 500 7,411.98 ▲0.1%

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Sources

CNBC MarketsInside the S&P 500 AI boom, industrials are getting as rich as tech stocks
CNBC WorldInside the S&P 500 AI boom, industrials are getting as rich as tech stocks

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