Goldman Sachs expects a strong earnings season for U.S. stocks, with S&P 500 component company profits in the second quarter surging 22% year-over-year

Odaily Planet Daily News According to Goldman Sachs' expectations, the U.S. stock market is set for another strong earnings season. Goldman Sachs anticipates that S&P 500 component company profits in the second quarter will surge 22% year-over-year, with AI infrastructure-related stocks contributing nearly 60% of the growth. Micron Technology and NVIDIA alone account for over 40% of the total. If realized, this would mark the second consecutive quarter with over 20% profit growth for the S&P 500. The Goldman Sachs report emphasizes that the current market focus is not on the performance of the tech giants themselves—given that AI spending by hyperscale cloud providers is already well-known—but rather on whether a broader set of companies across the supply chain can realize profitability from AI demand.