Goldman Sachs strategists are claiming that concerns about an "earnings bubble" are overblown as the AI boom and a resilient economy will keep supporting companies.
Strategists led by Ben Snider said they expect growth to slow compared to the current year, but not to collapse. Concretely, they believe profit growth will clock in at 19% next year and 17% in 2028. The boost from AI investments, they claim, will start to fade as of next year even if capital spending continues to rise.
