HSBC bank logo, office building. Canada - February 27, 2015

HSBC Raises S&P 500 Year-End Target to 6400: Driven by AI Ambition and Reduced Policy Uncertainty

HSBC raised its year-end target for the S&P 500 index by 800 points to 6400 on Tuesday. The bank noted that the “AI myth” is driving up technology and AI-focused companies, and that reduced policy uncertainty in the US is supporting the market.

HSBC strategists stated, “AI trading is driving up technology and AI-focused companies (about half of the S&P 500), while reduced policy uncertainty (especially tariffs) is supporting other sectors.”

Investors expect the combination of AI and policy stability to lead to a strong stock market performance for the remainder of the year.

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