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AI Doubters Got a 'Wake Up Call' From Earnings as Tech Results Came In Strong

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Nearly all of the S&P 500's members have reported earnings for the latest quarter, and 84% of those that have, beat analysts' earnings expectations—higher than the one-, five- and 10-year averages, according to DataTrek's Nicholas Colas and Jessica Rabe. Underneath the hood, tech did a lot of the lifting.