Goldman Sachs Sees Strong Q2 Earnings for U.S. Stocks as AI Drives S&P 500 Gains
Updated
Updated · Seeking Alpha · Jun 28
Goldman Sachs Sees Strong Q2 Earnings for U.S. Stocks as AI Drives S&P 500 Gains
3 articles · Updated · Seeking Alpha · Jun 28
Summary
Goldman Sachs strategists said the coming second-quarter earnings season will be a key test for U.S. stocks, forecasting strong results after profits powered essentially all of the S&P 500’s gains over the past year.
AI-led profit growth is the main driver behind that outlook, with the bank arguing the earnings backdrop remains supportive even as investors look for confirmation that recent market gains can hold.
The call puts unusual weight on Q2 reports because earnings, rather than valuation expansion, have been doing the heavy lifting for the benchmark index’s advance.
A solid season would reinforce the AI-driven equity rally; weaker results could challenge one of the market’s central supports.