S&P 500 earnings growth to slow as AI spending loses momentum, Goldman Sachs says

[Artificial intelligence industry wide slowdown, AI out of control, pausing on development and launch] Just_Super/iStock via Getty Images Wall Street's corporate earnings machine is still running at an impressive pace, but Goldman Sachs warns that investors may need to adjust their expectations as profit growth slows, artificial intelligence spending begins to mature and market leadership shifts away from technology giants. In an Oct. 30 research report, Goldman Sachs strategist Ben Snider and his team said third-quarter earnings results underscore a growing challenge for equity investors: Corporate profits remain exceptionally strong, but the acceleration that helped drive stocks higher is coming to an end.