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Apr 15, 2026 4:00 PM

Nvidia, AMD Could Ride 80% Earnings Explosion BlackRock Just Flagged (UPDATED)

Editor’s note: This article was updated to adjust phrasing in the opening paragraph for accuracy.

BlackRock Inc. (NYSE:BLK) is turning more bullish on U.S. stocks, highlighting a forecast for an 80% surge in semiconductor earnings in 2026—even as geopolitical tensions and energy market volatility persist.

NVDA stock is moving. See the chart and price action here. 

According to the firm’s weekly commentary, data from LSEG show that the projected earnings spike in chipmakers is "helping drive upgrades in tech and overall" U.S. stock performance expectations. 

Tech as a whole is now forecast to post 43% earnings growth in 2026, up from 26% last year, while the sector's valuation premium has fallen to its lowest since mid-2020.

The combination of decelerating valuations and accelerating profit growth could rekindle interest in megacap chip names like Nvidia Corp. (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Broadcom Inc. (NASDAQ:AVGO) and Taiwan Semiconductor Manufacturing Co. (NYSE:TSM)—companies central to the AI hardware boom.

AMD, NVDA Earnings Growth

Nvidia ...