Anthropic Plans to Double AI Compute Capacity; Goldman Sachs Forecasts S&P 500 14% Rise to 8,700
AI firm Anthropic plans to have approximately 5 gigawatts of compute capacity by end of this year and double it by end of next year, aligning with OpenAI’s plans. Goldman Sachs strategists forecast the S&P 500 will rise 14% to 8,700 points next year, driven by earnings growth and the AI boom, downplaying an earnings bubble. Chip stocks surged, with the Philadelphia Semiconductor Index rising 2.78%. Bank of America warned investor positioning remains overly bullish.
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Goldman Sachs Forecasts S&P 500 to Rise 14% to 8,700 Next Year; Anthropic Plans to Double Compute Capacity
Goldman Sachs strategists forecast the S&P 500 will rise 14% to 8,700 points next year, driven primarily by earnings growth rather than valuation expansion, downplaying concerns about a US corporate 'earnings bubble.' The AI investment chain is receiving major news as Anthropic plans to have approximately 5 gigawatts of available computing power by the end of this year and expects to double that by the end of next year, aligning broadly with OpenAI's planning. Chip stocks surged near Friday's close, with the Philadelphia Semiconductor Index rising 2.78%, led by SanDisk jumping 10.99%. Meanwhile, US manufacturing output unexpectedly declined 0.3% in August. The market will focus on interest rate trajectories, Middle East tensions, and calls to slow AI development next week. Bank of America strategists warned investor positioning remains overly bullish given slowing profit growth prospects.
Read sourceAnthropic Plans to Double AI Compute Capacity Again by End of 2026, Goldman Sachs Bullish on S&P 500
US stocks received bullish calls from institutional investors, with the AI investment chain seeing major news. AI giant Anthropic plans to have approximately 5 GW of available computing power by end of 2025 and expects to double that by end of 2026, aligning with OpenAI's similar plans. Chip stocks surged on Friday, with the Philadelphia Semiconductor Index rising 2.78%. Goldman Sachs strategists predict the S&P 500 will rise 14% to 8,700 points next year, driven by earnings growth rather than valuation expansion, downplaying concerns of an 'earnings bubble.' They expect profit growth to slow but not collapse, with AI investment momentum beginning to wane in 2027. Bank of America warned investor positioning remains overly bullish. US manufacturing output unexpectedly declined 0.3% in August. Markets will focus on interest rate trends, Middle East tensions, and calls to slow AI development next week. ING Group projects the Fed and ECB will each raise rates by 25 bps in December.
Read sourceGoldman Sachs Predicts S&P 500 Rise as Anthropic Plans to Double AI Compute Capacity
US stocks received bullish institutional support as Goldman Sachs strategists forecast the S&P 500 index will rise 14% to 8,700 points next year, driven primarily by earnings growth rather than valuation expansion. The AI investment chain is set for major news as Anthropic plans to have approximately 5 gigawatts (GW) of available computing power by end of this year, expecting to double that by end of next year, aligning broadly with OpenAI's planning. Chip stocks surged, with the Philadelphia Semiconductor Index rising 2.78%, led by SanDisk jumping 10.99%. Goldman Sachs downplayed concerns about a US corporate 'earnings bubble,' stating profit growth will slow rather than collapse. Meanwhile, US manufacturing output unexpectedly declined 0.3% in August. The market will focus on interest rate trends, Middle East tensions, and AI development calls next week.
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Goldman Sachs Bullish on US Stocks as AI Compute Plans Double; Anthropic Targets 5 GW
US stocks received a boost from institutional investors, driven by news that AI giant Anthropic plans to have approximately 5 gigawatts (GW) of available computing power by the end of this year, with expectations to double that capacity by the end of next year. Chip stocks surged on Friday. Goldman Sachs strategists downplayed concerns about a US corporate 'earnings bubble,' stating that strong earnings growth is underpinned by a robust economic outlook and AI. They forecast the S&P 500 will rise 14% next year to approximately 8,700 points, driven by earnings growth. Bank of America reported nearly $64 billion in inflows into US equity funds this week. Meanwhile, US manufacturing output unexpectedly declined in August. Markets will focus on interest rate trajectories, Middle East tensions, and calls to slow AI development next week.
Read sourceAnthropic Plans to Double Compute Capacity; Goldman Sachs Predicts S&P 500 Rise
US stocks received bullish endorsements as AI giant Anthropic plans to have approximately 5 gigawatts of compute capacity by end of this year and expects to double that by end of next year, according to reports. Chip stocks surged near Friday's close, with the Philadelphia Semiconductor Index rising 2.78%. Goldman Sachs strategists, led by Ben Snider, forecast the S&P 500 index will rise 14% to 8,700 points next year, driven primarily by earnings growth rather than valuation expansion. They stated that behind substantial US corporate profit growth lies a robust economic outlook and AI boom, suggesting concerns about an 'earnings bubble' are exaggerated. However, they expect profit growth to slow in coming years rather than collapse. Bank of America strategists warned investor positioning remains overly bullish given slowing profit growth prospects. Anthropic's compute plans align broadly with OpenAI's, which aims for approximately 5 GW this year and 10 GW next year. The article also notes US manufacturing output unexpectedly declined in August, and markets will focus on interest rate trends and Middle East tensions next week.
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