Some thoughts on artificial intelligence... 🤖
Goldman Sachs, BofA see upside beyond tech stocks 🤔
There’s been an explosive amount of interest in artificial intelligence (AI).
In the stock market, much of the attention has been on companies developing and providing AI tech like Nvidia, Microsoft, and Alphabet. These AI-exposed tech giants have been among the stocks leading gains in the bull market.
The considerable price appreciation in these names has even prompted some to warn AI stocks are in a bubble. Unfortunately, we’ll only know in hindsight if this is the case.
There’s a popular saying associated with emerging technology: “Most people overestimate what they can achieve in a year and underestimate what they can achieve in 10 years.“
In other words, maybe AI hype has gotten ahead of itself a bit. But that doesn’t necessarily mean it won’t create tons of wealth as it unlocks massive amounts of productivity over the long run.
The AI opportunity is about more than tech stocks 🌎
AI technology comes in many forms and their potential applications are vast.