After strong earnings, AI investment fatigue and midterm election risks cloud the outlook for US corporate earnings next year.

Zhitong Finance APP has learned that the U.S. stock market's third-quarter earnings season is nearing its end. Although overall results have been impressive, analysts have been cutting their profit forecasts for the S&P 500 next year. Concerns over artificial intelligence (AI) spending and the aftermath of the U.S. midterm elections are casting a shadow over the earnings outlook. Data shows that S&P 500 earnings forecasts have been downgraded for four consecutive weeks, and the market now expects profit growth of 20% in 2027, below this year's expected 30% growth rate.