Lyon published a global stock strategy report stating that the artificial intelligence gold rush is driven by abundant liquidity and dominates this year's investment pattern. Looking ahead to next year, the bank sees plenty of evidence that AI transactions are about to run out of momentum. The bank's core assumption is that momentum and profit will continue until the first half of next year before reaching a critical point, setting the S&P 500 target at 7,200 points for the middle of next year. Furthermore, the bank expects the emerging market market to continue until next year, and targets the MSCI Emerging Markets Index at 1,550 points for the middle of next year, with room for 12% increase from the current level.

Lyon published a global stock strategy report stating that the artificial intelligence gold rush is driven by abundant liquidity and dominates this year's investment pattern. Looking ahead to next year, the bank sees plenty of evidence that AI transactions are about to run out of momentum. The bank's core assumption is that momentum and profit will continue until the first half of next year before reaching a critical point, setting the S&P 500 target at 7,200 points for the middle of next year. Furthermore, the bank expects the emerging market market to continue until next year, and targets the MSCI Emerging Markets Index at 1,550 points for the middle of next year, with room for 12% increase from the current level.