Bloomberg Surveillance · Tuesday, July 21, 2026
Despite strong earnings growth in the tech sector, with semis seeing 100% year-over-year growth, concerns are rising about demand sustainability and parabolic price appreciation. Analyst Emily Ronand notes that while companies are exceeding the high bar set for earnings, the "earnings are amazing" narrative is becoming stale.
“You know, semis have continued to just throw up these amazing earnings. We're looking at one hundred percent earnings growth quarter after a quarter. It's really just remarkable, and prices are reflecting that.”
“But can prices keep up with that? These some of these moves have been absolutely parabolic, So again that bar has to be met.”
“But the problem, John now is that the earnings are amazing story is already an old story. All you have to do is turn into Bloomberg surveillance to hear it.”