Nvidia, Micron Drive 32% of S&P 500 2026 Earnings Growth as Bitcoin Breaks $80,000
Updated
Updated · Yahoo Finance · Aug 26
Nvidia, Micron Drive 32% of S&P 500 2026 Earnings Growth as Bitcoin Breaks $80,000
3 articles · Updated · Yahoo Finance · Aug 26
Summary
Nvidia and Micron are expected to generate 32% of the S&P 500’s 2026 year-over-year earnings growth, with Nvidia alone contributing 18% and Micron 14%, Schwab strategist Liz Ann Sonders said.
Wednesday’s Nvidia earnings report has become a market-wide test of the AI trade, especially after the stock logged seven straight losing sessions even as prediction markets imply a near-certain beat.
Bitcoin broke above $80,000 the same day—after briefly topping $81,000 this week—before easing to about $78,400, in a move Sonders linked to a return of the “debasement trade.”
Treasury bond-buyback expansion, heavier bond-market stress and a weaker dollar are helping push capital toward scarce assets such as Bitcoin and gold, even as investors stay focused on AI-heavy equity concentration.
With Nvidia results due and Jackson Hole commentary still ahead, traders are weighing whether concentrated AI earnings can sustain record index weights or whether money keeps rotating into hedges.