Lates News

According to Evercore ISI strategist's forecast, driven by the artificial intelligence boom, the US stock market is expected to rise by another 20% by the end of 2026. Evercore ISI's Chief Equity and Quantitative Strategist Julian Emanuel pointed out in the report that the S&P 500 index is expected to climb to 7750 points by the end of next year. "The technological revolution will propel the stock market, price-to-earnings ratios, and social development to new heights," he said. This means a 20% increase from last Friday's closing price, and the benchmark index has already risen nearly 10% so far this year. Data shows that Emanuel's target price for 2026 is currently the highest on Wall Street. The firm's strategist pointed out that the influence of artificial intelligence is driving corporate profits to continue to exceed expectations. They emphasize that "despite facing tariffs and policy uncertainties, the second quarter saw double-digit growth and generally exceeded expectations."