By Erica Kollmann
Publication Date: 2026-04-15 19:11:00
Editor’s note: This article was updated to adjust phrasing in the opening paragraph for accuracy.
According to the firm’s weekly commentary, data from LSEG show that the projected earnings spike in chipmakers is “helping drive upgrades in tech and overall” U.S. stock performance expectations.
Tech as a whole is now forecast to post 43% earnings growth in 2026, up from 26% last year, while the sector’s valuation premium has fallen to its lowest since mid-2020.
AMD, NVDA Earnings Growth
Nvidia remains the sector’s earnings anchor, with analysts forecasting fiscal 2026 revenue of $215.94 billion, up 65% year over year.
CEO Jensen Huang recently reiterated that the company expects “at least” $1 trillion in cumulative revenue from its Blackwell and Vera Rubin chip platforms through 2027, underscoring Nvidia’s dominance in AI data centers, hyperscale computing and sovereign AI deployments.
AMD, meanwhile, could capitalize on the fastest-growing segment of that market.
The chipmaker’s…