The hottest upgrades from the Q3 earnings reporting cycle are more important than ever. These names include leading tech players central to the AI revolution, representing a double-digit share of the S&P 500 (NYSEARCA: SPY) market cap and affirming the AI trade is still in effect. If anything, the fear of an AI bubble is replaced with evidence that the AI trade is still bigger than imagined, growing faster than expected, and accelerating at the end of 2025.
