The third quarter earnings season of the US stock market is about to begin, and whether profit growth can support valuation is the focus

The third quarter earnings season for the US stock market is about to begin, and Wall Street expects S&P 500 component stocks to see a year-on-year profit growth of about 29% -31%, with about two-thirds coming from large tech companies such as Alphabet, Amazon, and Meta. The market focuses on the conversion rate of AI capital expenditures, the diffusion of AI demand, and the impact of financing costs on enterprises. Large banks will be the first to release their financial reports starting from October 13th (UTC+8), while technology giants and companies such as Coinbase, Strategy, Marathon, Riot will release their financial reports from late October to mid November.