The seven largest S&P 500 firms are projected to post 31.1% earnings growth, down from prior dominance as other companies narrow the gap.
The Magnificent Seven companies are expected to report a combined 31.1% earnings growth for the second quarter, down from their previous dominance. The remaining 493 S&P 500 companies are forecast to grow earnings by 22.8%, narrowing the gap between the two groups.
Analysts noted the shift as Q2 earnings reports begin, with the Magnificent Seven previously outpacing broader market growth. The trend suggests a potential rebalancing in earnings momentum across the index.
AMD shares rose after announcing an expanded AI partnership with Microsoft, reflecting ongoing investor focus on AI-driven growth opportunities.