The article highlights Astera Labs, Credo Technology Group and Sanmina as companies benefiting from rising AI spending and possible future S&P 500 candidates. None was added in September, and the next rebalance takes effect Dec. 21; inclusion requires a market capitalization of at least $22.7 billion and positive earnings. Astera Labs, the largest of the three at a $45 billion market cap, trades at a forward P/E of almost 45 times, while Credo's $33 billion value comes with a forward P/E of 28 times. Sanmina, valued at $9.4 billion, moved up to the S&P MidCap 400 in June 2026 and has a forward P/E just over 12, though its lower margins and customer concentration are noted as risks.
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