Goldman Says AI-Led Earnings Beats Will Be Harder to Repeat This Season
Updated
Updated · Bloomberg · Jul 8
Goldman Says AI-Led Earnings Beats Will Be Harder to Repeat This Season
2 articles · Updated · Bloomberg · Jul 8
Summary
Goldman Sachs said this earnings season is unlikely to deliver the same AI-fueled upside surprises that helped drive stocks in the previous reporting period.
Christian Mueller-Glissmann, Goldman’s head of asset allocation research, said companies may still beat forecasts, but the hurdle for impressing investors is now much higher.
That higher bar means earnings results alone are unlikely to trigger a major market rally, even if corporate reports broadly come in ahead of expectations.