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AI firms including CoreWeave and Supermicro report this week
S&P 500 earnings are projected to rise 50% year over year in the second quarter, the fastest pace since 2021, according to FactSet data cited by Yahoo Finance.
Yahoo Finance reports that the second quarter earnings season is starting to wind down, with nearly 90% of S&P 500 companies already having reported results.
The outlet cites FactSet data saying second quarter earnings for S&P 500 companies are on pace to increase 50% year over year, the highest growth rate since 2021, with artificial intelligence acting as a key growth driver.
This week is framed as the next test for the AI theme, with multiple companies scheduled to report across the AI supply chain.
Yahoo Finance points to CoreWeave, Supermicro, and Applied Materials as among the key players reporting results this week.
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