Inside the S&P 500 AI boom, industrials are getting as rich as tech stocks

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As the AI infrastructure buildout and global geopolitical developments spur massive spending, an old-guard sector of the economy is getting a level of attention from investors that rivals the action in tech. The industrials sector of the S&P 500 is trading at a price-to-earnings ratio above 30, a level investors more often associate with high fliers, and a P/E ratio that is well above industrials' long-term average, which is closer to 20. "If you look at [Industrial Select Sector SPDR] XLI from State Street, its valuations are really high relative to the S&P 500," Cinthia Murphy, director of research at VettaFi, said on the most recent "ETF Edge." "It's as high as tech, so it really is a sector that has really had its moment in the sun and picked up a lot of attention," Murphy said. The race to construct AI data centers in hopes of gaining a durable business advantage in a rapidly-shifting digital infrastructure has gripped the corporate w...
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Stocks making the biggest moves after hours: Intel, AMD, Boston Beer, Deckers & more

Stocks making the biggest moves after hours: INTC, AMD, SAM, DECK Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves after the bell: Intel The chipmaker rallied 9% after it reported its sharpest quarterly revenue growth in nearly 15 years . The company's top line clocked in at $16.1 billion for Q2, 25% above the year-earlier period. Adjusted earnings per share of 42 cents per share also beat analyst expectations. Deckers Outdoor The shoe manufacturer slid 3%. First-quarter revenue of $1.02 billion came in line with the LSEG consensus estimates. Revenue from Deckers' Hoka and Ugg brands fell short of the Street's expectations. Robert Half Shares fell around 9% after the staffing and exec search company reported underwhelming results for the second quarter. Robert Half earned 26 cents per share, matching a FactSet forecast. Revenue of $1.34 billion was just above the $1.32 billion consensus. Boston Beer The maker of Twisted Tea added 2%. Second quarter revenue of $568.3 million narrowly beat the FactSet consensus call of $566.7 million. Boston Beer also reaffirmed its full-year earnings guidance of $8.50 to $10.50 per share, versus the consensus estimate of $9.38. SAP The German software company rose 3% after reporting its cloud backlog grew by 27% year over year to 22.9 billion euros in the second quarter. Revenue of 9.88 billion euros was also just above an LSEG forecast of 9.86 billion euros. Advanced Micro Devices The semiconductor company jumped more than 2%. At its Advancing AI presentation, AMD said that its server central processing unit market will grow over 50% to $200 billion by 2030, propelled by agentic artificial intelligence. The company also said that its AI accelerator market is expected to hit $1.4 trillion by 2030.

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