Expectations for a Rise in Technology Stocks Gain Strength

The Power of Technology Fuels the Index

Analyst Thomas Mathews from Capital Economics indicates that the S&P 500 index may receive significant support from technology stocks in 2023. Mathews expresses that despite the effects of a fluctuating start toward 2026, this year appears to be promising for the market.

A.I. and the Transformation of Business Models

The rise of artificial intelligence (A.I.) increases capital expenditures, while concerns remain that it could negatively affect some companies' business models. However, Mathews emphasized that the earnings of technology companies continue to appear "quite positive." This suggests that there is significant growth potential in the technology stock market.

Optimistic Market Expectations

Thomas Mathews states that their optimistic stance regarding the U.S. stock market will continue. His remark that it's not yet time for stock investors to "throw in the towel" boosts excitement in the markets. This perspective, seen as an important message for investors, reinforces confidence in technology stocks.

Rise Target: 8000

According to Capital Economics' predictions, the S&P 500 index is expected to rise to 8000 by the end of 2023. The index closed at 6964.82 with a 0.5% increase on Monday in the first quarter of 2023, indicating an upward trend. This situation signals that a new bullish period for technology stocks may be on the horizon.