JPMorgan raises end-2026 S&P 500 target to 8,000

J.P. Morgan has raised its end-2026 target for the S&P 500 to 8,000, citing continued spending on artificial intelligence infrastructure and resilient corporate earnings as the main drivers behind the upgrade. The revision places the bank among the more constructive forecasters on Wall Street. Its reasoning leans on the earnings contribution from AI-linked capital expenditure, a theme that has broadened from semiconductor makers into power and industrial suppliers serving data centre demand.