RBC lifts S&P 500 year-end target to 7,900 on AI optimism

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May 8 : RBC Capital Markets raised its year-end target for the S&P 500 to 7,900 from 7,750 on Friday, citing resilient earnings growth and continued strength in artificial intelligence‑linked sectors. The Canadian brokerage's new target implies a 7.7 per cent upside from the benchmark index's Thursday close of 7,335.66. U.S. equities have rallied to hit record highs in recent weeks as enthusiasm around AI-related investment and expectations of solid profit growth continue to support investor

RBC lifts S&P 500 year-end target to 7,900 on AI optimism https://www.channelnewsasia.com/ - 10:08

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RBC lifts S&P 500 year-end target to 7,900 on AI optimism https://www.channelnewsasia.com/ - 10:08