Goldman Sachs: S&P 500 Index Expected to Rise 10% to 7600 Points Next Year, Tech Giants Will Still Lead the Rise Goldman Sachs strategists say that with the further popularization of artificial intelligence (AI) applications and the continued resilience of US economic growth, US stocks will reach new highs next year, and corporate profits will also significantly improve. The team led by Ben Snider expects earnings per share (EPS) of S&P 500 constituent companies to increase by 12% next year and another 10% in 2027. Among them, the productivity improvement brought by AI is expected to contribute approximately 0.4 percentage points and 1.5 percentage points respectively. Snider will replace David Kostin as Goldman Sachs' Chief U.S. Equity Strategist at the end of the year. He reiterated that the target level for the S&P 500 index next year is 7600 points, which means there is still about 10% upward potential compared to the current level. Other market forecasting agencies and asset management companies are also optimistic, with analysts from Morgan Stanley, Deutsche Bank, and Royal Bank of Canada Capital Markets predicting that the US stock market will rise by more than 10% in 2026.