AI Earnings Power S&P 500 Even as Fed Risk Builds

Nvidia's revenue forecast has become so large that Wall Street is openly speculating SpaceX's exclusive chip commitment is skewing the numbers, alongside broader hyperscaler demand. That kind of guidance keeps the AI capex theme alive as a core pillar supporting S&P 500 index-level earnings growth into year-end.

Salesforce added to the constructive tape, beating on both revenue and earnings while highlighting an expanded Anthropic partnership, reinforcing that enterprise software spending on AI tools is translating into real numbers rather than just narrative.

CrowdStrike's post-earnings surge, with options markets flagging elevated follow-through potential, adds another data point suggesting index-level breadth beyond the mega-cap names is improving, a dynamic worth tracking as a counterweight to Fed-driven volatility.