--- title: "Wall Street Questioned the AI Boom, Earnings Are Delivering: Here Are the ETFs You Should Watch Closely" type: "News" locale: "en" url: "https://longbridge.com/en/news/294649436.md" description: "AI-exposed companies are delivering historic earnings beats in Q2, with Bloomberg’s AI Value Chain Index outpacing estimates by ~71%, significantly exceeding the S&P 500's 27% beat. Major tech firms like Microsoft and Amazon continue heavy AI infrastructure investment. Consequently, AI-focused ETFs such as QQQ, SOXX, IYW, and FTEC are highlighted for their strong performance and broad exposure to this sector." datetime: "2026-08-03T05:58:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294649436.md) - [en](https://longbridge.com/en/news/294649436.md) - [zh-HK](https://longbridge.com/zh-HK/news/294649436.md) --- # Wall Street Questioned the AI Boom, Earnings Are Delivering: Here Are the ETFs You Should Watch Closely Artificial intelligence is translating into record earnings surprises, with companies exposed to the AI ecosystem outperforming the broader market by a wide margin as second-quarter results roll in. ## **AI-Exposed Companies Delivering Historic Earnings Beats** The S&P 500 companies have beaten Wall Street earnings estimates by an average of 27% so far this quarter, putting the index on track for its strongest earnings surprise season in years, according to data shared by **The Kobeissi Letter**. The Nasdaq 100 companies are exceeding expectations by an average of 55%, while companies in Bloomberg’s AI Value Chain Index are beating estimates by roughly 71%. > AI-exposed companies are delivering unprecedented earnings. > > S&P 500 companies are beating earnings estimates by an average of +27% so far in Q2 2026, on track for the strongest quarter in decades. > > Nasdaq 100 firms are exceeding expectations by more than double that margin, at… pic.twitter.com/x9pEZIKx7w > > — The Kobeissi Letter (@KobeissiLetter) August 2, 2026 **Read Also: KOSPI Extends Historic Selloff After Worst Month Since 2008 as Samsung, SK Hynix Tumble Nearly 8%** ## Big Tech is Backing Up the AI Narrative **Microsoft Corp.** (NASDAQ:MSFT) posted accelerating Azure growth and said demand continues to outpace available AI capacity, while **Amazon.com, Inc.** (NASDAQ:AMZN) raised its 2026 capital spending target to $220 billion after AWS delivered its fastest growth in 18 quarters. Both companies reaffirmed plans to continue investing heavily in AI infrastructure despite rising capital expenditures, as demand remains strong enough to support the industry’s record spending cycle. **Advanced Micro Devices Inc.** (NASDAQ:AMD), **Palantir Technologies Inc**. (NASDAQ:PLTR) report earnings this week, while **Space Exploration Technologies Corp.** (NASDAQ:SPCX) will post its first earnings since its historic June IPO on Tuesday. ## **AI ETFs Offer Broad Exposure** The **Invesco QQQ Trust, Series 1** (NASDAQ:QQQ) , which tracks Microsoft, **Apple Inc.** (NASDAQ:AAPL), **Google** parent **Alphabet Inc.** (NASDAQ:GOOG) (NASDAQ:GOOGL), and Amazon, has $455.80 billion in assets under management and charges an average expense ratio of 0.18%. The fund has returned 12.21% year-to-date and 21.96% over the past year. **iShares PHLX SOX Semiconductor Sector Index Fund Holdings** (NASDAQ:SOXX) holds chipmakers **Nvidia Corp.** (NASDAQ:NVDA), **Qualcomm Inc.** (NASDAQ:QCOM) and **Lam Research Corporation** (NASDAQ:LRCX). The fund has $**42.64** billion in assets and an expense ratio of 0.34%. The fund has gained 60.95% so far this year and 110.02% over the past year. The **iShares U.S. Technology ETF** (NYSE:IYW) holds the top tech companies, with $23.28 billion in assets and charges an expense ratio of 0.38%. It has gained 19.09% year-to-date and 31.38% over the past year. **Fidelity MSCI Information Technology Index ETF Holdings** (NYSE:FTEC) has $20.96 billion in assets and charges an expense ratio of 0.08%. It has risen 19.79% year-to-date and 31.68% over the past year. **Price Action:** QQQ closed 0.65% higher on Friday at $687.99 and lost 0.51% in extended trading. **Benzinga edge rankings** indicate QQQ has a Momentum score in the 64th percentile and a negative price trend in the short term. In the medium and long term, the fund has a positive price trend. **Read Also: SpaceX Buying Tesla's Robots and Cabs Would Allow Tesla to Be an 'EV Company' Again, Says Ross Gerber: Analyst Dwells on Elon Musk's China 'Issue'** **_Disclaimer:_** _This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors._ _Photo: PeachShutterStock / Shutterstock_ ### Related Stocks - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) - [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md) - [AMZD.US](https://longbridge.com/en/quote/AMZD.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [MSFO.US](https://longbridge.com/en/quote/MSFO.US.md) - [FTEC.US](https://longbridge.com/en/quote/FTEC.US.md) - [AMZZ.US](https://longbridge.com/en/quote/AMZZ.US.md) - [IYW.US](https://longbridge.com/en/quote/IYW.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [MSFL.US](https://longbridge.com/en/quote/MSFL.US.md) - [MSFX.US](https://longbridge.com/en/quote/MSFX.US.md) - [MSFD.US](https://longbridge.com/en/quote/MSFD.US.md) - [AMZW.US](https://longbridge.com/en/quote/AMZW.US.md) - [AMZO.US](https://longbridge.com/en/quote/AMZO.US.md) - [AMZY.US](https://longbridge.com/en/quote/AMZY.US.md) - [AZYY.US](https://longbridge.com/en/quote/AZYY.US.md) - [AMZP.US](https://longbridge.com/en/quote/AMZP.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [USD.US](https://longbridge.com/en/quote/USD.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [SSG.US](https://longbridge.com/en/quote/SSG.US.md) - [SOXS.US](https://longbridge.com/en/quote/SOXS.US.md) - [MSFU.US](https://longbridge.com/en/quote/MSFU.US.md) - [MSFW.US](https://longbridge.com/en/quote/MSFW.US.md) - [MSFY.US](https://longbridge.com/en/quote/MSFY.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [SSNGY.US](https://longbridge.com/en/quote/SSNGY.US.md) - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [QCOM.US](https://longbridge.com/en/quote/QCOM.US.md) - [LRCX.US](https://longbridge.com/en/quote/LRCX.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [SMSN.UK](https://longbridge.com/en/quote/SMSN.UK.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [Former Microsoft President Jeff Raikes Says AI Could Create a 'Talent Debt' by Replacing Entry-Level Work](https://longbridge.com/en/news/293906551.md) - [Microsoft blinked a little in the AI capex race. 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