Big Tech earnings continue to power markets to fresh all-time highs, with momentum proving difficult for investors to fade. Investopedia’s Caleb Silver highlights broad strength beneath the surface, noting that 7 of the 11 S&P 500 sectors are seeing net profit margin expansion. Fears around hyperscalers appear overdone, with profit growth hitting its strongest levels since 2021. Silver also breaks down the growing divergence within tech—where software companies face increasing pressure from AI disruption, while semiconductor names struggle to keep up with surging demand.