AI Is Reshaping a Trillion-Dollar Wall Street Catalyst, and It Has Terrifying Implications for the 2nd-Priciest Stock Market in History Over 30 years ago, the advent and proliferation of the internet vaulted the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite to new…
ights. After a multidecade wait, the evolution of artificial intelligence (AI) is having the same effect on equity markets
The most influential businesses on Wall Street that have embraced AI, such as Google parent Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), social media maven Meta Platforms (NASDAQ: META), and iPhone maker Apple (NASDAQ: AAPL), have been handsomely rewarded. Unfortunately, AI is reshaping a trillion-dollar catalyst for Wall Street, which comes with potentially terrifying implications for the second-priciest stock market in history. The stock market’s most influential companies want their piece of a $15.7 trillion pie Empowering software and systems with the tools to make autonomous, split-second decisions is, arguably, the largest long-term addressable opportunity we’ve ever witnessed.
According to PwC analysts, AI can create up to $15.7 trillion in global economic value by 2030. There are several ways to approach this technology from an investment standpoint. While hardware providers have shone brightly, thanks in part to graphics processing unit and memory/storage supply shortages, it’s AI application companies that are now garnering attention.