Ed Yardeni: Raising S&P 500 target to 8400 points, advising caution in AI market

Yardeni Research President Ed Yardeni has raised the year-end target for the S&P 500 from 7700 points to 8250 points, and then to 8400 points. Ed Yardeni believes that the current market is driven by profit momentum, and the valuation is lower than that of the Internet foam in 1999. For the AI market, Ed Yardeni suggests investors avoid chasing individual AI stocks and diversify their investments through Nasdaq 100 index funds and other options. （Morningstar）