AI FOMO is real as 40% of this year’s upward S&P 500 EPS revisions are tied to semis and hardware
AI FOMO is real.
Nvidia, AMD, and Taiwan Semiconductor have all hit record highs, with Microsoft close behind, as the AI trade keeps dominating earnings estimates.
Barclays finds semis and hardware account for about 40% of this year’s upward S&P 500 EPS revisions, jumping to a whopping 75% for 2027.
