Wall Street is raising its targets for U.S. stocks: As long as the AI frenzy continues, the bull run will persist.

On September 10, as strong corporate earnings and renewed enthusiasm for artificial intelligence drove U.S. stocks to record highs, Wall Street analysts are rushing to raise their expectations for the S&P 500 index. Deutsche Bank strategist Binky Chadha raised his year-end target for this U.S. benchmark index to 7,000 points, implying more than a 7% rise from current levels. Barclays analysts also revised their forecasts upward, while Wells Fargo Securities team expects the S&P 500 to rise another 11% by the end of next year. 'The market does have some bubbles, but as long as AI capital expenditures remain unchanged, the bull run should continue,' said Ohsung Kwon from Wells Fargo. In April this year, they had significantly lowered their forecasts after Trump announced large-scale global tariffs; subsequently, as Trump softened his trade rhetoric, they turned bullish again. Chadha raised his target by nearly 7%, stating that the direct impact of tariffs on inflation is expected to have already been reflected in the data by half. He also believes that investor positions, better-than-expected economic growth, and a weaker dollar will provide support for the stock market. (Jin10)