On June 3, JPMorgan's Head of Equity Strategy for Europe, the Middle East, and Africa, Natalia Lipichina, stated that the US profit 'supercycle' will drive the stock market to new highs, a trend fueled by substantial investments from large corporations and advancements in artificial intelligence technologies. Lipichina noted, 'We have actually just revised our expectations for the S&P 500 upward, and we believe that profit growth could reach 20% by 2026.' During the current earnings season, the S&P 500's profit growth has reached its highest level in five years, with most of the growth still coming from large tech companies. Lipichina described the recent profit growth performance as 'quite remarkable,' with the technology sector playing a significant role. The bank's revised profit expectations reflect its confidence that profit growth will be more sustainable than in typical economic cycles.