Goldman Sachs expects companies in the S&P 500 to post a 27% year-over-year increase in earnings for the September quarter, according to a Financial Times report cited by BlockBeats. The bank tied that outlook to heavy spending on artificial intelligence infrastructure, with companies at the center of the AI buildout seen as the main driver. The report said the strength of AI-related investment points to another strong U.S. earnings season, a development that could benefit investors as quarterly results are released. The outlook highlights how AI infrastructure spending remains a key force shaping expectations for corporate performance in the current reporting period.
BlockBeats reported on Oct. 7, citing the Financial Times, that strong spending on artificial intelligence is pointing to another robust U.S. earnings season, with investors expected to benefit.
Goldman Sachs forecast that earnings for S&P 500 companies in the September quarter will rise 27% from a year earlier, driven by businesses at the center of the artificial intelligence infrastructure boom.
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