Earnings Season, Persian Gulf Lull, Lift Wall Street Pre-Bell; Asia, Europe Up

MT Newswires7minutes ago

Inflation Data Will Be the Real Test for This AI Stock Rally -- Barrons.com

Barron's24minutes ago

JPMorgan raised its S&P 500 target price for the second time in two months, citing that AI investments are beginning to yield returns.

JPMorgan raised its year-end target for the S&P 500 to 8,000 points, one of the most optimistic forecasts in the market. The revision is primarily driven by strong signals of AI monetization evident in second-quarter earnings, with accelerated cloud business growth and order backlogs at Alphabet, Amazon, and Microsoft alleviating concerns over high AI-related capital expenditures. Additionally, S&P 500 constituent companies reported a 32% year-over-year increase in earnings, providing fundamental support for elevated valuations.

wallstreetcn36minutes ago · Ratings

Countdown to the inflation stress test! JPMorgan and Goldman Sachs 'bet' on the S&P 500 hitting 8,000 by year-end.

Wall Street investment banks are overwhelmingly bullish.

Gelonghui Finance17:38

Deutsche Bank increased its stake in Micron Technology in Q2, with NVIDIA as its top holding, and initiated a $200 million position in SpaceX.

Deutsche Bank's total Q2 holdings reached $344 billion, up from $303 billion in the previous quarter, representing a 13.5% quarter-over-quarter increase.

Zhitong Finance17:36

From GPUs to storage, and from semiconductor equipment to cloud computing! Asset management giant BlackRock increased its AI computing power holdings in Q2, accurately anticipating the rise of cloud giants.

Among BlackRock's top ten equity holdings in the second quarter, the asset management giant sent a very clear signal of 'further increasing its bets on AI computing infrastructure and cloud computing giants.'

Zhitong Finance17:30