Reported 8 months ago
US tech stocks are performing well, with the S&P 500 index surging nearly 15% this year, and market strategists foreseeing a further 10% increase by the end of the year due to AI advancements. Senior market economist from KGI Securities Matthew has raised the S&P year-end target to 6,000 points and predicts it will reach 7,000 points by the end of next year. Despite the unexpected growth, experts believe the upward trend is driven by profit growth forecasts, indicating continued rise in the S&P index in the short term. Experts from Mizuho and UBS also agree that the AI investment boom shows no sign of slowing down, making shorting AI stocks increasingly challenging in the long run.
Source: YAHOO