Goldman Sachs Clarifies Earnings Impact of Amazon and Alphabet on S&P 500
Goldman Sachs highlights that the strong Q1 earnings growth of the S&P 500 is largely driven by non-operating gains from Amazon and Alphabet. These gains, from investments in AI and non-marketable securities, significantly boosted their net incomes, masking a less impressive underlying earnings picture for the broader market.
Topics: earnings Goldman Sachs investment gains S&P 500 tech sector