The S&P 500 is close to surpassing its all-time high, driven by falling oil prices and renewed optimism around artificial intelligence (AI). Technology stocks, especially semiconductors, are leading this rally, while broader market participation remains limited. Earnings growth related to AI is accelerating, with expectations for 29% growth in S&P 500 earnings by 2026. The market may either continue a straight rally or experience a slight pullback before further gains, according to the analyst's tactical cash positioning and midterm year strategy.
The S&P 500's rally driven by tech optimism is mirrored in semiconductor stocks on Pluang. As of Sep 23, 2026 22:04 WIB, Credo Technology Group Holding Ltd (CRDO) trades at USD 194.88, up 1.20% for the day, while Marvell Technology Inc (MRVL) is priced at USD 259.22, down 1.20%. Despite the mixed daily moves, MRVL holds a substantial market cap of $235.78B, reflecting its significant role in the tech sector's performance.
