Goldman Sachs Expects S&P 500 Earnings to Soar 22% Year-on-Year in Q2

Goldman Sachs anticipates a strong earnings season for the U.S. stock market, with S&P 500 companies expected to see a year-on-year earnings surge of 22% in the second quarter. Stocks related to AI infrastructure are contributing nearly 60% of this growth, with Micron Technology and NVIDIA together accounting for over 40%. If realized, this would mark the second consecutive quarter of over 20% earnings growth for the S&P 500. The Goldman Sachs report highlights that the market's focus is on whether a broader range of companies in the supply chain can deliver profits driven by AI demand, rather than the performance of the tech giants themselves.

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