Goldman: We estimate that AI investment will drive roughly 40% of S&P 500 EPS growth this year, and just a few Tech stocks have driven the majority of recent index EPS revisions.
Our EPS forecasts this year and next are close to the top-down strategist consensus. Risks to our forecasts are two-sided, but AI skews those risks to the upside. Source: Neil Sethi
These are the S&P 500’s top 10 performers based on year-to-date (YTD) performance:
1. 🇺🇸 Sandisk Corporation (SNDK): 317% 2. 🇺🇸 Lumentum Holdings (LITE): 139% 3. 🇺🇸 Western Digital (WDC): 134% 4. 🇺🇸 Intel Corporation (INTC): 124% 5. 🇺🇸 Ciena Corporation (CIEN): 123% 6. 🇺🇸 Teradyne (TER): 116% 7. 🇺🇸 Seagate Technology (STX): 113% 8. 🇺🇸 Coherent Inc. (COHR): 101% 9. 🇺🇸 Vertiv Holdings (VRT): 100% 10. 🇺🇸 Comfort Systems USA (FIX): 85% Source: Stocks World
42% of the S&P 500 companies report earnings this week
Source: zerohedge, BofA
Globally, less than 5% of the MSCI All-Country is at 52-week highs (despite the index at ATHs)
Source: Bloomberg, David Ingles
Defense stocks are getting crushed during this war.
Source: Jim Bianco, Biancoresearch, Hedgeye
Hard to believe these numbers are month to date gains...
Source: TrendSpider
On March 30, the S&P 500 was down 7% in 2026, the 12th worst start to a year in history.
After one of the biggest 4-week rallies ever, it's now up +5% YTD and above the average year at this point in time (+3%). There is no impossible in markets. Source: Charlie Bilello
Meet the first clear casualty of AI disruption: Chegg.
Once a go-to platform for homework help and textbook rentals, it’s now in steep decline—its stock has collapsed nearly 99%, trading under $1 with a market cap around $100 million. Revenue has fallen dramatically from its 2022 peak, signaling a rapid unraveling of its core business. The shift is simple: tools like ChatGPT didn’t just compete with Chegg—they made it obsolete. When students can get instant, high-quality answers for free (or far less), the old model struggles to survive. This isn’t just one company’s story—it’s a turning point where AI disruption became real, fast, and unforgiving. So the real question is: who’s next?
