HSBC raises S&P 500 target to 7,650 as Wall Street bets big on AI-driven earnings

HSBC has raised its S&P 500 target to 7,650, driven by strong optimism around AI-driven earnings growth. However, ongoing uncertainties in economic policies and global risks could limit the upside potential. This reflects Wall Street's bullish stance on AI while remaining cautious about broader macroeconomic factors.