Wall St Week Ahead: Artificial intelligence gives real boost to U.S. stock market https://ift.tt/Ek8OpWf intelligence (AI) is boosting the US stock market, with megacap stocks such as Microsoft, Google parent Alphabet, Nvidia, Apple and Meta platforms responsible for the majority of the S&P 500's 9% year-to-date return. About 25% to 50% of the gains are due to optimism around AI, according to DataTrek Research. Societe Generale has predicted removing the top 20 stocks linked with AI from the S&P 500 would reduce the index's performance by 10%. Analysts view AI as a major driver of future productivity and profit, citing generative AI as producing margin-expanding productivity gains.
Saturday, May 20, 2023
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Wall St Week Ahead: Artificial intelligence gives real boost to U.S. stock market
Wall St Week Ahead: Artificial intelligence gives real boost to U.S. stock market
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