Earnings live updates: Plug Power stock jumps on improving margins, raised revenue guidance

Nearly 90% of S&P 500 companies have reported second-quarter earnings, with FactSet data showing a 50% year-over-year rise, the fastest growth since 2021, driven by artificial intelligence, according to Bank of America strategists. This week, CoreWeave, Supermicro, and Applied Materials report results, testing the AI boom's momentum.

Earnings live updates: Plug Power stock jumps on improving margins, raised revenue guidance The second quarter earnings season is beginning to wind down, with nearly 90% of S&P 500 ^GSPC https://finance.yahoo.com/quote/^GSPC/ companies having already reported. The takeaway from the quarter so far has been unbridled strength. According to FactSet data, second quarter earnings for S&P 500 companies are on pace to rise 50% year over year https://finance.yahoo.com/markets/article/an-unprecedented-boom-corporate-profits-are-on-pace-for-fastest-growth-since-2021-152552912.html , the highest growth rate since 2021. Artificial intelligence has been the growth engine https://finance.yahoo.com/markets/article/corporate-earnings-soared-in-q2-with-ai-as-the-growth-engine-chart-of-the-day-173507179.html of that broad-based earnings growth, Bank of America strategists noted. The next test comes this week from key players in different branches of the AI boom. Cloud provider CoreWeave CRWV https://finance.yahoo.com/quote/CRWV/ , AI server maker Supermicro SMCI https://finance.yahoo.com/quote/SMCI/ , and chip equipment manufacturer Applied Materials AMAT https://finance.yahoo.com/quote/AMAT/ are among the key companies reporting results this week.