Tom Lee turns bullish again on US stocks: S&P 500 could target 8,000 points this year, with AI-driven earnings growth as a key catalyst

Odaily News: Bitmine Chairman and Fundstrat Co-founder Tom Lee stated that the S&P 500 index is expected to reach the 7,900-8,000 range by August, implying an upside of up to approximately 3.6% from Wednesday's closing level.

Lee believes the main factors driving US stocks higher include strong technical momentum, accelerating corporate earnings growth, and a broadening market rally. He continues to favor semiconductor, software, Ethereum, and "Magnificent Seven" tech stocks, arguing that AI-driven earnings growth will continue to improve market expectations for 2027 corporate profits.

Lee noted that as AI-related investments continue to boost corporate efficiency and profitability, the market may further revise future earnings forecasts upward, providing support for the US stock rally. (CNBC)