Morgan Stanley said that the rise in the US stock market will spread further, and the core driving force is that most individual stocks are resilient in their earnings performance. The strategy team led by Mike Wilson wrote that the S&P 500 index has outperformed the market capitalization-weighted index since mid-May, driven by profit recovery across all sectors. The optional consumption and transportation sector, which the team is optimistic about, showed a comparative advantage in terms of profit increase coverage. The research report points out that text analysis of corporate financial reports shows that the momentum of the artificial intelligence implementation process continues to increase, which also helps the market spread across the board. In the second quarter of 2026, 40% of companies identified as AI application companies mentioned that the implementation of artificial intelligence brought at least one quantifiable benefit, up from 37% in the first quarter of 2026 and 21% in the second quarter of 2025. About 25% of S&P 500 companies disclosed at least one measurable AI enablement benefit, a sharp increase of 14% compared to last year.

Morgan Stanley said that the rise in the US stock market will spread further, and the core driving force is that most individual stocks are resilient in their earnings performance. The strategy team led by Mike Wilson wrote that the S&P 500 index has outperformed the market capitalization-weighted index since mid-May, driven by profit recovery across all sectors. The optional consumption and transportation sector, which the team is optimistic about, showed a comparative advantage in terms of profit increase coverage. The research report points out that text analysis of corporate financial reports shows that the momentum of the artificial intelligence implementation process continues to increase, which also helps the market spread across the board. In the second quarter of 2026, 40% of companies identified as AI application companies mentioned that the implementation of artificial intelligence brought at least one quantifiable benefit, up from 37% in the first quarter of 2026 and 21% in the second quarter of 2025. About 25% of S&P 500 companies disclosed at least one measurable AI enablement benefit, a sharp increase of 14% compared to last year.