JPMorgan says Wall Street’s AI bet is finally paying off

JPMorgan increased its year-end forecast for the S&P 500 to 8,000, up from a prior projection of 7,800, according to reporting by Reuters. The adjustment reflects the bank’s assessment that artificial intelligence capital expenditures by leading technology firms are transitioning from a spending phase into one demonstrating tangible revenue conversion and cash-flow generation.
The bank simultaneously raised its 2026 earnings-per-share forecast for the S&P 500 to $365 from $350 and