JPMorgan's forecast is quite aggressive: 20% profit growth, driven by AI agents and investments from mega-corporations. The new high for the S&P 500 seems to be more than just a slogan.

CoinWorld News, JPMorgan Chase's European, Middle Eastern, and African Equity Strategy Head Natalia Lipishina stated that the U.S. profit "super cycle" will drive the stock market to new highs, a trend fueled by massive investments in mega-corporations and advances in artificial intelligence proxy technology. Lipishina pointed out that JPMorgan has raised its expectations for the S&P 500 index, expecting profit growth of up to 20% by 2026. In the current earnings season, the S&P 500's profit growth has reached its highest level in five years, with most of the growth still coming from large technology companies. Lipishina said the recent profit growth performance is "quite remarkable," with the technology sector playing a significant role. The bank's upward revision of earnings expectations reflects confidence that profit growth will be more persistent than the typical economic cycle.