The AI Money Game: How Big Tech's Valuations Distort Reality The latest earnings reports for the S&P 500 paint a rosy picture, with growth of 48% from a year ago.
However, a closer examination reveals that these numbers are artificially inflated by the skyrocketing valuations of private AI companies.
Anthropic and OpenAI, valued at nearly $1 trillion each, have become major drivers of corporate earnings growth for tech giants like Microsoft, Amazon, and Alphabet.