Goldman Sachs predicts that the US stock market will usher in a strong earnings season, and the second quarter profits of S&P 500 component stocks will soar by 22% year-on-year According to Goldman Sachs' expectations, the US stock market will usher in another strong profit season. Goldman Sachs expects the second quarter earnings of S&P 500 constituent stocks to soar by 22% year-on-year, with AI infrastructure related stocks contributing nearly 60% of the growth, with Micron Technology and Nvidia contributing over 40% together. If ultimately realized, this will be the second consecutive quarter in which the S&P 500 has achieved over 20% profit growth. The Goldman Sachs report emphasizes that the current focus of the market is not on the performance of tech giants themselves - after all, the AI spending of ultra large scale cloud computing companies is evident - but on whether broader enterprises in the industry chain can achieve profitability through AI demand.