AI will ignite the US earnings season! Wall Street: S&P 500 second-quarter profits are expected to soar by 22%
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The artificial intelligence investment boom and rising energy prices are jointly injecting strong momentum into a new round of earnings season for US stocks.
Goldman Sachs strategists, in their latest research report, predict that the S&P 500 constituents’ second-quarter earnings will soar by 22% year-on-year, and believe that