Wall Street's new consensus: AI will drive the stock market higher
In a Tuesday note, the global markets team at Capital Economics moved up its year-end forecast for the S&P 500 from 4,500 to 5,500 in 2024 and from 5,000 to 6,500 in 2025. A key driver behind that surge higher will be artificial intelligence, it said. "We think investors' enthusiasm about AI has…
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