SocGen's Kabra Is Now Among the Biggest Bulls on US Stocks.

BANK of America Corp.; BLOOMBERG LP; UBS AG; CORPORATE profits; STANDARD & Poor's 500 Index; ARTIFICIAL intelligence

According to Societe Generale SA strategists, the record-breaking rally in US stocks shows no signs of stopping due to an improving outlook for corporate earnings and the excitement surrounding artificial intelligence. The team, led by Manish Kabra, has raised its year-end target for the S&P 500 Index to 5,500 points, the highest forecast among strategists tracked by Bloomberg. The S&P 500 has already surged 20% since Kabra's team recommended buying US stocks in November. While some experts have expressed concerns about a market bubble, Kabra believes that the S&P 500 would need to reach around 6,250 points to reach peak bubble valuations. However, he does anticipate a slowdown in the pace of gains after a strong start to the year. [Extracted from the article]

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