AI will boost the US economy, although its long-term implications are still unclear.In a recent report, Goldman Sachs analysts shared 20 stocks with exposure to the rise of AI.has fueled a massive flurry of investor interest in the space.
Although the long-term implications of AI adoption are still muddy and are highly dependent on future capabilities and the adoption timeline, in a July 5 report Goldman Sachs economist Joseph Briggs was able to quantify its potential benefits for the US economy. "Despite the recent gains, we estimate that potential AI-related productivity boosts could lead to significantly more upside for S&P 500 earnings and stock prices over the medium-to-longer term, although substantial uncertainty and risks remain," wrote Goldman Sachs chief US equity strategist David Kostin.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MrBeast is giving away a Tesla to celebrate launch of Meta's ThreadsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Couple lost claim to $3 million estate due to black ink blobs on willA judge rejected a couple's claim to a $3 million estate because black ink blobs on the will obscured their names
Source: BusinessInsider - 🏆 729. / 51 Read more »
OpenAI is putting together a team to control 'superintelligence'OpenAI is so worried about AI causing human extinction, it's putting together a team to control 'superintelligence'
Source: BusinessInsider - 🏆 729. / 51 Read more »
After ESPN layoffs, should Disney put it on streaming or sell: AnalystsESPN's layoffs underscore its desperate need for a post-cable lifeline, but analysts are split on Disney's streaming plan that puts $20 billion of revenue at risk
Source: BusinessInsider - 🏆 729. / 51 Read more »