Tech Giants Poised to Drive S&P 500 Earnings Growth While Lifting Broader Market
-
Tech earnings expected to drive Q4 S&P 500 growth, with Apple, Alphabet, Microsoft, Amazon, Meta, and Nvidia projected to grow 53.7% while other 494 companies expected to decline 10.5%
-
Nvidia earnings per share projected to grow over 400% year-over-year; Meta's 175%
-
Amazon, Alphabet, Meta, and Nvidia expected to grow nearly 80% in Q1 2024, while other 496 companies (including Apple, Microsoft, Tesla) only 0.3%
-
During January rally, same tech companies drove nearly 90% of growth, showing their outsized impact
-
Tech earnings important not just for numbers but for information on market-moving narratives like AI and signals about consumer spending and economic health