The long-awaited recovery in the US companies that were left out of the artificial-intelligence frenzy has finally begun. Earnings for S&P 500 companies, excluding the Magnificent Seven, are set to grow 7.4% in the second quarter from the same time a year ago, after five straight quarters of declines. Profits for the megacap tech group — Apple Inc., Microsoft Corp., Alphabet Inc., Amazon.com Inc., Meta Platforms Inc., Tesla Inc. and Nvidia — are set to rise 35%.