The Industrials sector is outperforming Big Tech in the stock market, leading the S&P 500 to new highs, up 16% year to date. Boeing posted better-than-expected quarterly results, with shares up 28% YTD, benefiting from Trump’s foreign deals. GE Aerospace also saw a surge of over 60% YTD.

Trump’s focus on manufacturing and incentives within the One Big Beautiful Bill Act have boosted the Industrials sector. Tax incentives like write-offs for capital expenditures are expected to benefit the sector. Power equipment makers like GE Vernova have seen a rally, with orders increasing due to data center demand. Big Tech companies like Meta, Microsoft, Amazon, and Alphabet are set to invest $325 billion in 2025 for AI infrastructure.

Read more at Yahoo Finance: It’s not just Big Tech. Industrial stocks are on fire.