Wall Street’s biggest bank just raised its expectations for the stock market

JPMorgan lifted its year-end price target for the S&P 500 from 7,800 to 8,000.

Investors are closely monitoring earnings releases of AI companies amid concerns about the durability of high spending and demand.

Breakthroughs in cheap Chinese open-weight artificial intelligence models have spooked US investors, but analysts argue plummeting model costs will benefit the AI industry in the long run by supercharging global demand for AI systems. Companies across the AI industry have slashed prices in recent weeks, with large-lang