According to CoinMeta, the S&P 500 index exceeded earnings expectations by a record 29.2% in its latest financial report, which is more than four times the average of 7.0% over the past five years. The comprehensive net profit margin also reached a record high of 16.9%. Alphabet recorded $98 billion in unrealized gains, while Amazon recorded $53.4 billion in gains on Anthropic. Even excluding these two items, the excess still amounted to 10.9%, which is higher than the historical average.