No Impact of AI Expected for Corporate Earnings Outside Tech | Torsten Slok's 'The Daily Spark' | February 10, 2026
The chart below shows consensus expectations for earnings for the Magnificent Seven and the S&P 493 since Liberation Day.
Earnings expectations for the Magnificent Seven have increased significantly. But expectations for earnings for the S&P 493 are basically unchanged.
The bottom line is that the consensus does not expect AI to improve profitability for corporate America outside the tech sector.
References
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