Key Points
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The average earnings growth of Nasdaq-100 companies surpassed that of the S&P 500 in 2025, continuing into 2026, driven by AI adoption.
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Analysts project a 19% year-over-year net income increase for Nasdaq-100 companies in Q1 2026 compared to an 11% increase for S&P 500 companies.
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CoreWeave plans to increase its capital expenditures to $30-$35 billion in 2026 to support a $90 billion revenue backlog.
The Nasdaq-100 index rebounded impressively, recovering nearly 11% in April 2026 after a 6% decline in Q1. Key factors included improved investor sentiment linked to a ceasefire in the Middle East and a significant 14% surge in the Global X Artificial Intelligence & Technology ETF, reflecting renewed confidence in AI stocks.
The five largest U.S. hyperscalers are forecasted to spend $720 billion on capital expenditures in 2026, contributing to a robust tech sector. CoreWeave’s contract with trading firm Jane Street, worth $6 billion for its cloud platform, signals strong demand for AI infrastructure and positions Microsoft to benefit as well, with its AI assistant Copilot gaining nearly threefold daily users year-over-year.
