UBS Sees S&P 500 At 8,100 but Prediction Markets Doubt It - State Street SPDR S&P 500 ETF Trust (ARCA:SPY

UBS strategist sees strong US earnings boosting stocks before 2027 uncertainty

UBS forecasts S&P 500 at 8,100 end-2026 and 8,900 end-2027, with semiconductors driving 92% earnings growth via AI capex. AI infrastructure investments fuel near-term gains, but ROI remains unclear beyond 2027—signaling margin pressure and planning uncertainty for tech leaders.