According to The Kobeissi Letter, in the first quarter of 2026, Amazon, Alphabet, Meta, and Microsoft collectively accounted for approximately 34% of the S&P 500’s year-over-year earnings per share growth, while semiconductor companies contributed 31%. In the second quarter, semiconductor companies are expected to contribute 48% to the S&P 500’s earnings growth, while Amazon, Alphabet, Meta, and Microsoft’s contribution is projected to decline to 9%.
Semiconductor Sector to Surpass Big Tech in Contribution to S&P 500 Earnings Growth in Q2 2026
AiCoinShare
Summary
Ecosystem growth in the semiconductor sector is set to outpace Big Tech in Q2 2026. In Q1 2026, Amazon, Alphabet, Meta, and Microsoft accounted for 34% of S&P 500 earnings per share growth, while semiconductors contributed 31%. By Q2, chipmakers are expected to drive 48% of the index’s earnings growth, with Big Tech’s share falling to 9%. Crypto news continues to highlight shifts in market leadership as tech earnings dynamics evolve.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.