Goldman Sachs: These are the 20 stocks building AI tech, using it to turbocharge their businesses, and reaping the rewards as the artificial intelligence boom pushes the S&P 500 higher
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.
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