Wall Street raises its target for US stocks: AI craze remains unchanged, and the bull market will continue

According to BlockBeats, on September 10, Wall Street analysts are scrambling to raise expectations for the S&P 500 index as strong corporate earnings and enthusiasm for artificial intelligence once again heated up. Deutsche Bank strategist Binki Chadda raised his year-end target for the U.S. benchmark index to 7,000 points, meaning there is more than 7% room for upward from current levels. Barclays analysts also raised their forecasts, while Wells Fargo Securities team expects the S&P 500 to rise another 11% by the end of next year. "The market is indeed a bubble, but as long as AI capital expenditure remains unchanged, the bull market should continue," said Ohsung Kwon of Wells Fargo. They had sharply lowered their forecasts in April after Trump announced large-scale global tariffs; then they turned to bullish again as Trump eased trade rhetoric. Chada raised its target by nearly 7% this time, saying half of the direct impact of tariffs on inflation is expected to be reflected in the data. He also believes that investor positions, better-than-expected economic growth and weaker dollar will all support the stock market. (Jin Shi)