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Stock impact report

Wall Street strategists aren't relying on AI to drive the stock market rally anymore: Morning Brief [Yahoo! Finance]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
What we're watching What we're reading Economic data releases and earnings The early results are in and Wall Street strategists issuing 2025 forecasts see the S&P 500 ( ^GSPC ) rally chugging along over the next 12 months. But missing from their baseline calls is one of the most popular themes of the past 18 months in markets: artificial intelligence. AI driving the market higher has been a hallmark of market calls dating back to the spring of 2023 when Nvidia's first blowout earnings report of the cycle kickstarted a roaring bull market rally On Monday, BMO Capital Markets chief investment strategist Brian Belski initiated a 2025 year-end target of 6,700 for the S&P 500. Meanwhile, Morgan Stanley chief investment officer Mike Wilson issued a 12-month target of 6,500. Neither leaned too far into the impact of AI driving stocks higher — perhaps a sign of a maturing bull market — and instead, both discussed further broadening of the rally away from the tech-concentrated s Show less Read more
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