CITIC Securities: The fundamentals of the US stock market remain resilient, and short-term disturbances are unlikely to reverse the upward trend

According to ChainCatcher, citing a report from Golden Ten Data, CITIC Securities stated in its research report that by the third quarter of 2025, US stock market performance is expected to continue growing, with the information technology sector once again leading in profit growth. Although there is a divergence in earnings performance between technology and non-technology sectors, most industries are still maintaining relatively high profit growth rates. For the full year, US stock earnings expectations are being structurally revised upward, with tech giants remaining the core driving force. Currently, the market has doubts about the sustainability of cyclical investment in technology companies, which has triggered concerns about a potential bubble in the US stock AI sector.