Goldman Sachs warns AI spending lift to S&P 500 earnings fades after 2026

Goldman Sachs warned AI capital spending propping up S&P 500 earnings will wane after 2026, reported Sept. 19. Chief U.S. equity strategist Ben Snider says the base case is growth decelerates, not collapses. With Goldman estimating AI investment drives about 40% of 2026 earnings-per-share growth, savers should watch whether broader profits can carry the load.