JPMorgan raises the target value for the S&P 500 index

Gold Financial reports, April 21st, strategists at JPMorgan Chase stated that enthusiasm for artificial intelligence technology is once again rising, which will help drive the U.S. stock market to reach levels higher than expected this year. Led by Dubravko Lakos-Bujas, the team has raised the S&P 500’s annual target to 7,600 points, after just lowering it to 7,200 points last month, when they cited geopolitical risks. On Monday, the S&P 500 closed at 7,109 points, indicating about a 7% increase still to come. These strategists’ optimistic forecast is based on a more positive outlook for the technology and artificial intelligence sectors, believing that the industry will boost corporate profits and ease ongoing concerns related to the Iran war.