A16Z · 30 September 2026 · Industry Analysis

State of Markets II

A16Z

A16z's State of Markets II analysis shows tech now drives 76% of S&P 500 earnings growth, with a major shift from software to hardware/atoms fueled by AI infrastructure demand, while enterprise AI adoption remains immature despite already-constrained GPU supply.

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Topics: AI (Horizontal) · Semiconductors · Manufacturing & Industrials

Published by A16Z · their site ↗

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