TechFlow news, December 15 — According to Jinshi Data, Citigroup has set its target for the S&P 500 index at 7,700 points by the end of 2026, citing strong corporate earnings and sustained tailwinds from artificial intelligence investments. The brokerage said it expects AI infrastructure development to be a key theme in 2026, aligning with views from other Wall Street firms, but anticipates market focus shifting from companies providing AI technology to those adopting the emerging technology. Citigroup strategists stated: "While AI is expected to remain a market focal point, its development will likely follow a winner-takes-all, loser-gets-left-out pattern." The bank's target implies a 12.7% rise from the previous day's closing level of 6,827.41 points.
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