Goldman Sachs: "Earnings bubble" concerns are exaggerated; the S&P 500 is expected to rise to 8,700 points next year.

Zhitong Finance APP has learned that Goldman Sachs strategists stated that the strong earnings performance of U.S. companies is being supported by a solid economic outlook and the artificial intelligence (AI) boom, which means concerns about an "earnings bubble" are exaggerated. Goldman Sachs predicts that corporate earnings will grow 11% next year and are expected to drive the S&P 500 up 14% over the next year to about 8,700 points.