Goldman Sachs expects strong earnings season for US stocks, with second-quarter profits of S&P 500 components expected to soar by 22% year-on-year.

According to Goldman Sachs' expectations, the U.S. stock market will welcome another strong earnings season. Goldman Sachs predicts that the second quarter earnings of S&P 500 component stocks will soar by 22% year-on-year, with AI infrastructure-related stocks contributing nearly 60% of the growth, including Micron Technology and NVIDIA contributing more than 40% combined. If realized, this will be the second consecutive quarter in which the S&P 500 achieves over 20% earnings growth. The Goldman Sachs report emphasizes that the current focus of the market is not on the performance of tech giants themselves - after all, the AI spending of giant cloud computing companies is already evident - but rather on whether more companies in the industry chain can realize profits through AI demand.