Goldman Sachs: U.S. stocks may welcome another strong earnings season. Economic growth and AI boom are expected to drive earnings per share growth

On June 29, Goldman Sachs strategists said that driven by a "solid macro background" and an artificial intelligence investment boom, the U.S. stock market may usher in another strong earnings season. Ben Snider's team said the S & P 500's earnings trend was strong enough to exceed analysts 'previous high expectations. He wrote in a report that AI infrastructure stocks are expected to contribute approximately 60% of earnings per share growth in the second quarter, with Micron Technology and Nvidia combined accounting for more than 40%. Snider said analysts expect median earnings per share growth of 9 percent for S & P 500 stocks, but conservative revenue forecasts suggest upside risks.