Goldman Sachs: U.S. Stock Market May See Strong Earnings Season Again, Economic Growth and AI Boom Expected to Boost Earnings Per Share

BlockBeats News, June 29th, a Goldman Sachs strategist stated that driven by a "robust macro backdrop" and the artificial intelligence investment frenzy, the U.S. stock market may see another strong earnings season.

The team led by Ben Snider noted that the earnings trend for the S&P 500 index is strong enough to surpass analysts' previous high expectations.

In a report, Snider wrote that AI infrastructure stocks are expected to contribute approximately 60% of earnings per share growth in the second quarter, with Micron Technology and NVIDIA together accounting for over 40%.