Tom Lee predicts the S&P 500 could surpass 8,000 by December, citing sustained AI-driven market momentum.
Fundstrat Global Advisors co-founder Tom Lee said the S&P 500 could exceed 8,000 by year-end, driven by continued strength in the AI sector. He outlined a three-phase market trajectory, starting with a potential rise to 7,700, followed by a 10% to 15% pullback, before a final rally above 8,000.
Lee’s forecast follows the index’s recent record highs, with the S&P 500 up over 17% year-to-date. He noted that while gold and silver have seen profit-taking after strong gains, their long-term store-of-value role remains intact.
The prediction aligns with broader market optimism around AI adoption and corporate earnings growth, though some analysts caution about potential volatility in the coming months.