AI dominance is turning the S&P 500 into a collection of individual winners, says Evercore
- Jun 9
- 1 min read
YAHOO FINANCE — Evercore highlighted that Micron (NASDAQ:MU), Nvidia (NASDAQ:NVDA) and Alphabet (NASDAQ:GOOG) together have generated more than 40% of the year-to-date increase in consensus earnings-per-share forecasts for the S&P 500 in 2026.
The concentration of market leadership has become increasingly pronounced, with the ten largest companies in the index now accounting for almost 40% of its total weighting, the highest level on record.
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