Goldman Sachs Sees AI Spending Driving a 27% S&P 500 Earnings Jump

Goldman Sachs expects S&P 500 earnings per share to rise 27% from a year earlier in the September quarter, as the AI infrastructure build-out continues to push a large share of U.S. corporate profit growth into companies supplying chips, data centers, power and cloud capacity. The forecast frames the coming earnings season as a test of whether the AI investment cycle is still producing measurable profits, not just higher capital spending.