According to @KobeissiLetter, S&P 500 companies that mentioned AI on earnings calls are up 13.9% year-to-date, while companies that did not mention AI are up 5.7% year-to-date, indicating more than 2x relative performance. source: @KobeissiLetter via X on Dec 16, 2025. This equates to an 8.2 percentage point YTD outperformance spread for AI-mentioning companies based on the reported figures. source: @KobeissiLetter via X on Dec 16, 2025. The post characterizes this as evidence that mentioning AI on earnings calls is paying off for S&P 500 constituents. source: @KobeissiLetter via X on Dec 16, 2025. The source focuses on S&P 500 equities and does not reference cryptocurrencies. source: @KobeissiLetter via X on Dec 16, 2025.

According to @KobeissiLetter, mentions of AI on S&P 500 earnings calls this quarter have surpassed 10,000 for the first time, doubling over the last 18 months. According to @KobeissiLetter, this new peak exceeds the prior record of about 9,000 set at the end of June. According to @KobeissiLetter, by comparison the three-month period ending March 2023 saw roughly 1,000 AI citations. According to @KobeissiLetter, over 60% of S&P 500 companies have referenced AI this earnings season, doubling since Q4 2022 and supporting their view that AI is dominating this earnings season.