Plug Power stock jumped after the company reported improving margins and raised its revenue guidance. The second quarter earnings season is winding down with nearly 90% of S&P 500 companies having already reported. S&P 500 second quarter earnings are on pace to rise 50% year over year, the highest growth rate since 2021, according to FactSet data. Bank of America strategists noted that artificial intelligence has been the growth engine of that broad-based earnings growth. Key players in different branches of the AI boom, including CoreWeave, Supermicro, and Applied Materials, are among the companies reporting results this week.
