AI Is Driving the Market: J.P. Morgan Picks 2 Stocks With Direct Exposure

J.P. Morgan says AI is the dominant market force, boosting earnings expectations and prompting the bank to raise its S&P 500 target to 7,600. The firm highlights the AI-driven buildout in data centers and cloud infrastructure (roughly $5 trillion in financing needs through the decade) as a key support for market breadth beyond semiconductors into small caps, credit and private markets. JPMorgan analyst Mark Murphy picks Adobe and Salesforce as direct beneficiaries—both receive Overweight ratings and large one-year price targets—cited as companies monetizing AI through product integrations, partnerships and recurring revenue. The call reinforces a bullish view on AI-led earnings growth despite near-term share-price weakness in selected software names.