STOCKS | Goldman Sachs Expects S&P 500 Q2 Earnings to Jump 22%

Goldman Sachs expects another strong earnings season for U.S. stocks, with S&P 500 second-quarter earnings projected to rise 22% year over year. According to Odaily, the bank said AI infrastructure-related stocks are expected to contribute nearly 60% of the growth, with Micron Technology and Nvidia together accounting for more than 40%. If realized, it would mark the S&P 500's second straight quarter of earnings growth above 20%. Goldman Sachs said investors are focusing less on the performance of tech giants, given the visible AI spending by hyperscale cloud companies, and more on whether a wider group of companies in the supply chain can deliver profits from AI demand.