Unsurprisingly, the bulk of the growth in S&P 500 earnings continues to come from the technology behemoths viewed as the major beneficiaries of artificial intelligence development. The so-called Magnificent Seven firms — Nvidia Corp., Microsoft Corp., Alphabet Inc., Amazon.com Inc., Meta Platforms Inc., Apple Inc. and Tesla Inc. — are expected to post a 57% jump in profits in the first quarter, BI-compiled data show. For the rest of the S&P 500, profits are expected to climb 17% in the January to March period.