Cantor Fitzgerald forecasts continued upward revisions in S&P 500 earnings driven by AI-related capital expenditures.
Cantor Fitzgerald maintains a bullish stance on U.S. equities, citing upward revisions to S&P 500 earnings estimates fueled by AI-driven capital spending. Technology and infrastructure firms are leading the charge, with major tech companies expanding AI infrastructure.
The firm highlights strong earnings growth as evidence of further revision potential. Prior estimates have already seen upward adjustments, with AI investments expected to sustain momentum through year-end.
Cantor sees minimal risk from higher yields, as easy financial conditions and anchored inflation expectations support ongoing technology investments.