The S&P 500’s earnings surge looks incredible. Two companies explain why
Reported by Fortune · fortune.com · August 25, 2026
The index is on track for its strongest earnings growth in years—but Alphabet and Amazon are doing much of the heavy lifting.
What the tape says
What to watch: AI infrastructure spend continues to concentrate in compute, memory, and power equipment.
Market reaction today: $AMZN -0.15%, $^GSPC -0.38%
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