Goldman Sachs expects a strong earnings season for US stocks, with S&P 500 component profits soaring 22% year-over-year in Q2

According to a report by Odaily, Goldman Sachs anticipates another strong earnings season for the US stock market. The bank expects S&P 500 component profits to surge 22% year-over-year in the second quarter, with AI infrastructure-related stocks contributing nearly 60% of this growth. Micron Technology and NVIDIA alone account for over 40% of the total increase. If realized, this would mark the second consecutive quarter of over 20% profit growth for the S&P 500. The Goldman Sachs report emphasizes that the market's current focus is not solely on the performance of tech giants themselves, as the massive AI spending by hyperscale cloud providers is already evident. Instead, the key question is whether a broader range of companies across the supply chain can realize their profit potential driven by AI demand.