Goldman Sachs raises its S&P 500 forecast citing sustained corporate earnings growth and robust AI-driven semiconductor demand.
Goldman Sachs increased its S&P 500 year-end target, attributing the move to continued strength in corporate earnings. The firm highlighted resilient profit growth as a key driver for equities amid stable economic conditions.
The revised forecast follows a series of better-than-expected quarterly reports and aligns with a broader trend of upward revisions by Wall Street strategists. Semiconductor stocks, particularly Micron and SK Hynix, have surged on AI-related demand, pushing both into the trillion-dollar market cap range.
Separately, Taiwan authorities are probing illegal exports of Nvidia AI chips to China, raising potential regulatory risks for tech supply chains and restricted technology transfers.