The S&P 500 will reach 8,000 by the end of this decade, as predicted by market veteran Ed Yardeni. The president of Yardeni Research forecasted that the index will move upwards due to AI and improving corporate earnings.

In his appearance on the David Lin Report, Yardeni reiterated his bullish predictions. According to him, the S&P 500 will reach 6,000 by the end of 2025 and could rise to 8,000 by the end of the decade, implying a 46% increase.

Key factors driving this growth, according to Yardeni, are the return of the “Roaring 20s” and the strong US economy. Despite recession fears, the economy continues to expand, with GDP expected to grow by another 3% this quarter, according to Atlanta Fed economists.

Additionally, growing interest in artificial intelligence is supporting the valuations of tech giants like Nvidia and Oracle. Yardeni noted that the ongoing technological revolution continues to excite investors, further driving the market’s growth.