Wall Street strategists pile on S&P 500 upgrades as AI mania bolsters 'glass-half-full' view of US economy

Wall Street’s bull case for stocks is increasingly tied to one force — artificial intelligence. Strategists Wells Fargo, Barclays, and Deutsche Bank all boosted their respective S&P 500 (^GSPC) targets this week while pointing to resilient earnings and a still-surging AI investment cycle as the backbone of the market’s next leg higher. Deutsche Bank raised its 2025 forecast for the index to 7,000 from 6,550, the most optimistic among this week's upgrades. Its chief equity strategist, Binky Chadha, sees ...