Analysts expect S&P 500 companies to report a 30% jump in third-quarter earnings from a year ago, driven largely by artificial intelligence and technology firms.
Nvidia and Micron account for 34% of the projected profit growth, while ten companies overall represent roughly two-thirds of the increase.
Even excluding the top ten stocks, the remainder of the S&P 500 is expected to post a respectable 10% profit jump from the previous year.