AI-related companies to drive most third-quarter US earnings gains
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7 Articles
Channel News Asia
BizTocAI-related companies to drive most third-quarter US earnings gains
NEW YORK, Oct 9 : 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
S&P 500 profits should rise 31% in the third quarter, with AI concentrating gains. See what to expect from the U.S. swing season
Analysts expect, on average, that the profits of S&P 500 will increase by about 31% compared to the same period of the previous year in the third quarter, with two thirds of this jump coming from the technology sector and the AI giants
Key takeaways: Artificial intelligence remains the primary driver behind the expected rise in US corporate profits in the third quarter, Reuters reports. This trend mirrors the recent rise in the stock market, where AI-focused companies make the main contribution to overall growth. Although the rapid expansion of these companies has excited investors […]
It is likely that American companies are showing a further sharp increase in the third quarter's balance sheets and, as well as the rise in the stock market, AI-related companies are driving most of these gains. Although investors are excited about the dizzying growth of profits driven by AI companies, many also [...]
Analysts predict 31% high in quarterly gains with emphasis on technology giants such as Alphabet, Amazon and Meta
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