Consensus forecasts show minimal AI impact on corporate earnings despite growing expectations of industry transformation.
Markets may be underestimating the disruptive effects of artificial intelligence on corporate earnings, according to Apollo Global Management’s chief economist. While AI’s transformative potential is widely discussed, earnings forecasts still reflect limited expected impact from the technology.
Current consensus estimates embed only marginal adjustments for AI-driven changes, despite increasing evidence of its influence across sectors. Prior projections have consistently underestimated technological shifts, leading to earnings surprises in past cycles.
The warning highlights a potential disconnect between market pricing and long-term structural changes driven by AI adoption.