Monday, 10 August, 2026
Bullish Wall Street: J.P. Morgan Sees S&P 500 Hitting 8,000 on AI Surge
By TechShots Studio
J.P. Morgan raised its year-end 2026 S&P 500 target to 8,000 (up from 7,800), pointing to strong corporate earnings and massive AI spending by tech hyperscalers. The firm boosted its 2026 earnings-per-share forecast to $365, citing growing confidence that heavy enterprise capital expenditures in AI infrastructure are converting into solid, recognized revenue growth.
Read full story at REUTERS