Deep Tide TechFlow message: On July 17, according to Goldman Sachs’ expectations, the US stock market is set to see another strong earnings season. Goldman Sachs expects second-quarter earnings year over year for S&P 500 constituents to jump 22%. Among this, AI infrastructure-related stocks account for nearly 60% of the growth, with Micron Technology and Nvidia together contributing more than 40%. If this ultimately holds true, it would mark the S&P 500’s second consecutive quarter of earnings growth exceeding 20%.

In its report, Goldman Sachs emphasized that what the market is most focused on right now is not the performance of the technology giants themselves—after all, AI spending by hyperscale cloud computing providers is well known—but whether companies across the broader industry chain can turn AI-driven demand into earnings reality. (Cailianpress)