Wolfe Research: Optimistic About U.S. Stock Market Outlook, AI and Semiconductors Expected to Drive Second-Half Gains

According to a report by Jinse Finance on June 29, Wolfe Research maintains an optimistic stance on the U.S. stock market for the second half of 2026, citing factors such as declining oil prices, robust corporate earnings growth, and continued investment in artificial intelligence as key drivers for further market upside, despite lingering geopolitical and monetary policy risks. The firm remains bullish on the technology sector, particularly the semiconductor industry, and predicts that as energy costs decrease and ease consumer pressures, the market will continue to climb steadily throughout the summer. Wolfe Research believes that as long as retail fund inflows remain strong, any market pullbacks are likely to be short-lived. However, escalating tensions between the U.S. and Iran or a deadlock in diplomatic negotiations remain significant downside risks.