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

According to Jinshi reports, Citic Securities research report states that by the third quarter of 2025, the performance of U.S. stocks is expected to continue to grow, with the information technology sector's profit growth leading again. Although there is a divergence in profit performance between technology and non-technology sectors, most industries still maintain a high profit growth rate. For the whole year, U.S. stock profit expectations have undergone a structural upward revision, with tech giants remaining the core driving force. Currently, the market has doubts about the sustainability of cyclical investments in technology companies, raising concerns about the potential bubble in the U.S. AI sector.