Wolfe Research: Looking ahead to the future of the US stock market, AI and semiconductors will drive upward momentum

Wolfe Research holds an optimistic stance on the US stock market in the second half of 2026, believing that the decline in oil prices, growth in corporate profits, and investment in artificial intelligence will support the market. The institution is optimistic about the technology sector, especially the semiconductor industry, and expects the market to slowly rise in the summer. The inflow of retail fund funds will keep the market correction brief, and the main downside risks are the escalation of tensions between the US and Iran or diplomatic negotiations deadlock.