Video|Morgan Stanley's Chief US Equity Strategist: Chip stocks may see a correction of over 30%, but S&P still targets 8,000 by year-end

On July 6, Mike Wilson, chief U.S. equity strategist at Morgan Stanley, said in an interview with Bloomberg that while chip stocks remain core assets of the AI wave, some stocks are severely overbought and a short-term correction of 30% to 40% is entirely possible. However, he believes this does not mean the end of the bull market for U.S. stocks, and as funds rotate to other sectors, the S&P 500 could still continue to rise. He maintains his forecast that the S&P 500 will break through 8,000 points by year-end, arguing that the core logic supporting the market still comes from corporate earnings growth.
SPX1.52%
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