저자: EdYardeni-영상내발언은자막상내레이션위주,출연자직접발언은불명확 · 외국인
요약 보기
Yardeni는 연말 S&P500 목표치를 8,250으로 제시하고 2026년 EPS 400달러 이상 전망을 근거로 제시. 닷컴버블 비교를 반박하며 이익 모멘텀이 주도하는 장세라고 주장. 영상은 이를 근거로 Arista Networks(ANET), ASML, Applied Materials(AMAT)를 'Magic Seven' 외 유망주로 소개하고 각사 실적과 가이던스 상향을 강조.
다듬은 글
My year-end forecast is 8250, and suddenly that looks pretty restrained. This is only 6.5% of the target. I think we have what I discussed with you earlier—an incredible revenue dynamic. That's what it all comes down to : we have a lot of things to worry about in the Middle East, the situation with the Fed, and yet the economy continues to perform wonderfully .
It is sustainable, and we see it in the revenues. And if you look at the S&P 500 and the IT sector, they are nothing like what we had in 1999 and 2000. So suddenly all the talk about this being a " tech bubble" just falls away . While headlines are filled with geopolitical tensions, Fed uncertainty, and persistent rumors of a tech bubble, market strategist Ed Yardeni is betting on a much more powerful force—FIMO, or incredible earnings momentum.
This market is not built on speculative air or irrational enthusiasm. This is a locomotive driven by profits. Yardeni predicts that the S &P 500 index will surpass the 8,250 mark by the end of this year. Based on projected earnings of over $400 per share and rejecting comparisons to the 1999 dot-com crash, Yardeni argues that we are living in an era of explosive productivity growth in the 2020s .
Corporate earnings growth is happening at an astonishing rate , proving that it is real cash flows, not valuation hype, that are driving this market higher. More importantly, the real opportunity is not limited to just popular tech giants. As the rally spreads to the other 493 S&P 500 companies, vast institutional capital is flowing into the core of the global economy.
In this video, we'll take a look at three superpower companies that aren't part of the "Magic Seven" but are in the focus of Yardeni's attention. We are not talking about hyped software products. We analyze the $230 billion-plus networking technology leader that is quietly building the physical infrastructure for modern enterprise data centers.
A $650+ billion hardware giant that has nearly monopolized the production of critical chip equipment, and a $410+ billion capital goods giant needed to produce next-generation semiconductors . These are indispensable players that deliver real profits, and that's why they should be on your watchlist today.
Let's start our stock analysis with Arista Networks, ticker ANET. This is a cornerstone that fits perfectly into Ed Yardeni's thesis about profits. While the financial media focuses on GPU developers , Arista is quietly building the indispensable networking foundation needed to keep billion-dollar AI clusters running at peak efficiency.
The company specializes in high-performance Ethernet switches, cloud network architecture, and a proprietary scalable operating system that prevents costly downtime and eliminates data transfer bottlenecks in complex data centers. Their financial performance is simply extraordinary. Arista just recorded its first-ever quarterly revenue of $3 billion, showing an impressive 37.7% year- over-year growth that far exceeded Wall Street forecasts.
Operating income rose to $1.5 billion , representing an incredible operating margin of 49.9 %, with quarterly operating cash flow of over $1.1 billion. Their balance sheet is extremely solid , backed by more than $13.3 billion in cash and no long-term debt. What makes Arista particularly attractive to private investors is the significant increase in forecasts from the company's management .
Management raised its full-year 2026 revenue guidance to $12.6 billion , representing a remarkable annual growth rate of 40%. This growth is fueled by the expansion of their AI systems presence , where customer adoption of Etherlink platforms has grown from a few early adopters to over 100 enterprise and cloud giants.
To capitalize on this huge opportunity , Arista has proactively removed supply chain constraints, securing access to components for years to come and expanding manufacturing centers in the US, Asia and Mexico. In addition to standard data center networks, Arista is betting on two key factors for future growth.
This is the rapid growth of distributed scale in routing, the market for which is projected to reach $15 to $20 billion by 2030, as well as the upcoming implementation of next-generation 1.6 terabit switching architectures. By transforming raw AI processing power into useful computational efficiency, Arista creates fundamental operational advantages for long-term growth.
Moving from network infrastructure to core lithography hardware, our second pick, ASML Holding ( ticker ASML), is the undisputed European titan that has an absolute monopoly on extreme ultraviolet lithography systems. Speaking of Ed Yardini's excellent earnings performance , ASML is the true gatekeeper of the entire global semiconductor supply chain.
Without their huge, complex machines, hyperscalers, memory manufacturers, and foundries simply won't be able to produce next- generation AI processors. ASML recently reported outstanding second-quarter financial results that exceeded Wall Street expectations. Quarterly revenue rose to 9.3 billion euros, up 21% from last year.
At the same time, operating profit increased by 30% to 3.456 billion euros. This operational efficiency translated into a high gross margin of 54% and over $1.3 billion in free cash flow. Buoyed by unprecedented global demand for AI-optimized silicon, management aggressively raised its annual revenue forecast to €43-45 billion, representing annual revenue growth of up to 38 %.
ASML's investment appeal today is based on the coincidence of a double growth factor in both logic chips and memory. High- bandwidth memory, required for modern AI models, now accounts for over 40% of their net system sales. Additionally, their state-of-the-art high numerical aperture EUV systems, costing approximately €350 million per unit, have reached a critical milestone, now accounting for over 15% of total EUV revenue.
Despite concerns about a pullback in the broader semiconductor markets, ASML's valuation multiple has recently normalized below 31 times expected earnings , creating an extremely attractive entry point compared to the historical premium. With plans to increase EUV supply capacity by 30% annually through 2027 and 2028 , ASML has a multi-year reserve of pricing advantage and structural margin expansion, making it an important asset for the AI era.
Moving from lithography equipment to indispensable materials engineering, our final pick—Applied Materials, ticker AMAT—is a fundamental capitalization bet that captures the very essence of Ed Yardini's thesis about market productivity growth . While consumer software brands grab the headlines , Applied Materials provides materials engineering, deposition, and advanced packaging solutions that make high-performance AI accelerators physically possible.
The company recently reported record financial results driven by soaring demand for advanced logic, high- bandwidth memory, and advanced chip packaging. Applied Materials generated $7.91 billion in revenue, showing 11% year-over-year growth along with a 20% jump in non-GAAP earnings per share to $2.86.
Profitability was exceptionally high, with a non-GAAP gross margin of 50% and a record operating margin of 31.9% . Looking ahead, management has raised its 2026 semiconductor equipment market growth forecast to over 30%, based on eight-quarter customer forecasts, providing visibility for years ahead to 2027 and beyond.
What makes Applied Materials so attractive after the recent market correction is its ever- widening technological competitive moat. With the acquisition of the NEXX business from ASMPT, Applied Materials has expanded its presence in advanced panel-level packaging, directly accelerating the integration of multi-chip AI solutions.
Additionally, industry giants such as TSMC, Broadcom, Micron, and SK Hynix collaborate directly at Applied Materials' EPIC research center, creating specialized manufacturing equipment that cements long-term customer relationships. While institutional investment rotation has caused a sharp temporary decline from recent highs, fundamental wafer demand and hyperscaler capex remain at record levels, and with catalysts such as the launch of the 2nm process technology, a projected 50%+ growth in advanced packaging, and an equipment market heading towards $200 billion by 2028, Applied Materials remains a winner-take-all pick poised to benefit from long-term structural trends.
These three powerful companies, not part of the "Magic Seven", represent the true engine of the productive cycle of the turbulent 2020s. As corporate earnings momentum continues to fuel this historic market rally, a focus on these fundamentals offers a compelling roadmap for long-term stock growth. Which of these three “ gold mining tools” options will you add to your watchlist today?
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