related companies to drive most third
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓US companies expect an earnings surge for the third quarter, with AI-related players driving most gains.
- ✓Analysts expect S&P 500 earnings to rise 31% year-over-year.
- ✓Sameer Samana said, "It wouldn't surprise me if 70-80% of the growth can be attributed to tech and AI." Many investors worry about this trend.
Story at a Glance
- Category
- MARKET
- Reported By
- CNBC TV18
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
US companies are likely to deliver another earnings surge for the third quarter, and like the rally in the stock market, AI-related players are fueling most of those gains.
While investors are enthusiastic about the hyper earnings growth fueled by AI companies, many are also worried about how long the trend can continue, and what will happen to share prices when it ends.
Analysts on average expect S&P 500 earnings to rise about 31% year-over-year for the third quarter, with two-thirds of that leap coming from the technology sector and AI heavyweights Alphabet, Amazon.com and Meta Platforms, according to Tajinder Dhillon, LSEG's head of earnings and equity research.
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