US Q2 earnings announcements to date, particularly from the hyperscalers, support our assertion last week that the AI capex boom remains intact. With 86% of the S&P 500 companies having reported, EPS growth has accelerated to 20% in Q2. Importantly, growth is coming from more than just tech; 8 of 11 sectors have reported double-digit earnings growth so far.

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Vis Nayar

Vis Nayar is the Chief Investment Officer and a member of the Executive Management Committee at Eastspring Investments. Vis spearheads Eastspring’s investment platform encompassing equities, fixed income, multi asset and quantitative solutions, and oversees investment offerings across markets.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.