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On the eve of the Federal Reserve interest rate meeting, the...
On the eve of the Federal Reserve interest rate meeting, the S&P 500 index hit a new all-time high, the 18th closing high this year, up more than 8% so far this year, outperforming the Nasdaq Composite Index and the Dow Jones Industrial Average.
Wall Street analysts are increasingly bullish. $s&p 500 index(.SPX.US)$As the index repeatedly climbs to new highs, many have raised their year-end targets. Goldman Sachs' John Flood commented that institutional investors are expanding their focus from just tech giants to more opportunities, indicating a "very healthy" improvement in market breadth. Flood expects the S&P 500 index to potentially break through the key level of 5500 in the second quarter of this year and continue to climb as the market uptrend 'expands'.
The gains of the S&P 500 index are not only driven by well-known stocks, such as $Nvidia (NVDA.US)$ csi commodity equity index Meta Platforms ($META.US$). But also some energy companies.
One possible reason is that generative AI technology has the potential to rapidly expand global electrical utilities demand.
According to analysts at Morgan Stanley in last month's research report, they wrote: "We expect power suppliers and datacenter infrastructure stocks to have upside potential, but we do not expect GenAI Power to drive the growth of regulated utilities." "We believe that the rapid growth in power demand from GenAI is not well-known and is not priced into many stocks."
Wall Street analysts are increasingly bullish. $s&p 500 index(.SPX.US)$As the index repeatedly climbs to new highs, many have raised their year-end targets. Goldman Sachs' John Flood commented that institutional investors are expanding their focus from just tech giants to more opportunities, indicating a "very healthy" improvement in market breadth. Flood expects the S&P 500 index to potentially break through the key level of 5500 in the second quarter of this year and continue to climb as the market uptrend 'expands'.
The gains of the S&P 500 index are not only driven by well-known stocks, such as $Nvidia (NVDA.US)$ csi commodity equity index Meta Platforms ($META.US$). But also some energy companies.
One possible reason is that generative AI technology has the potential to rapidly expand global electrical utilities demand.
According to analysts at Morgan Stanley in last month's research report, they wrote: "We expect power suppliers and datacenter infrastructure stocks to have upside potential, but we do not expect GenAI Power to drive the growth of regulated utilities." "We believe that the rapid growth in power demand from GenAI is not well-known and is not priced into many stocks."
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