BlockBeats News, July 17th. According to Goldman Sachs, the U.S. stock market is expected to see another strong earnings season. Goldman Sachs forecasts a 22% year-on-year surge in second-quarter earnings for the S&P 500 constituents, with AI infrastructure-related stocks contributing nearly 60% of the growth, led by Micron Technology and NVIDIA, which together account for over 40%. If realized, this would mark the S&P 500's second consecutive quarter of over 20% earnings growth.

Goldman's report emphasizes that the current market focus is not on the performance of the tech giants themselves—after all, the AI spending of mega-scale cloud computing companies is already evident—but on whether more broadly based companies in the industry chain can realize profits through AI demand.