Driven by artificial intelligence, JPMorgan has raised its S&P 500 index target to 7,600 points

According to Jinshi reports, strategists at JPMorgan Chase have stated that the renewed enthusiasm for artificial intelligence technology will drive the U.S. stock market to exceed expectations this year. The bank has raised its annual target for the S&P 500 index to 7,600 points, up from 7,200 points last month. On Monday, the S&P 500 index closed at 7,109 points, indicating an increase of about 7% still to come. The strategists' optimistic forecast is based on a more favorable outlook for the technology and artificial intelligence sectors.