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JPMorgan Strategists Raise S&P 500 Target as AI Capex Pays Off

Bloomberg Technology Monday 10 August 2026, 09:28 UTC By Levin Stamm 1 min read
Key Points

JPMorgan Strategists Raise S&P 500 Target as AI Capex Pays Off JPMorgan Chase & Co. strategists raised their S&P 500 Index forecast for a second time in two months, citing strong corporate earnings and the payoff from massive artificial intelligence spending. The team led by Dubravko Lakos-Bujas now sees the US benchmark rising to 8,000 points, implying gains of about 3% from Friday’s close. They had bumped their target to 7,800 from 7,600 in June.

JPMorgan Strategists Raise S&P 500 Target as AI Capex Pays Off JPMorgan Chase & Co. strategists raised their S&P 500 Index forecast for a second time in two months, citing strong corporate earnings and the payoff from massive artificial intelligence spending. The team led by Dubravko Lakos-Bujas now sees the US benchmark rising to 8,000 points, implying gains of about 3% from Friday’s close. They had bumped their target to 7,800 from 7,600 in June. The latest forecast is slightly above the average of 20 strategists polled by Bloomberg.
JPMorgan (ORG) JPMorgan Chase & Co. (ORG) Dubravko Lakos-Bujas (PERSON) US (LOCATION) Bloomberg (ORG)
Originally published by Bloomberg Technology Read original →

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