Bloomberg Surveillance · Monday, September 28, 2026
The earnings for AI enablers, such as semiconductor companies, have seen a dramatic 60% increase in Q2. While non-AI sectors have lagged historically, they are now showing an acceleration in earnings growth, reaching nearly 26-27% in Q2, up from 14-15% in the prior quarter, indicating a potential broadening of market strength.
“Well, it's a. Risk for the very sectors that, you know, what we would say is the AI enablers, right? The semiconductors, the picks and shovels. They're the ones, the AI basket has grown their earnings 60% just in Q2 here.”
“We're seeing the rest of the sectors, the non-AI basket here, just starting to pick up, seeing some momentum in earnings. They showed an improvement in earnings almost close to 26%, 27% here in Q2, which is a pretty strong number.”
“And that was an acceleration from 14%, 15% in the prior quarter. Our expectation is we have to see this acceleration for the rest of the market continue on.”