Goldman Sachs estimates that AI could increase global GDP by 1.5% over the next 10 years, with investment in AI potentially reaching $200 billion by 2025. Morgan Stanley suggests that S&P 500 firms could see a surge in profits due to AI, with net margins in 2025 potentially driven 50 basis points higher. Other experts predict that the Nasdaq could double in value, and the S&P 500 could soar 22% due to AI's impact on productivity.
Key takeaways:
- AI could significantly boost the economy and productivity, potentially leading to a major run-up in the stock market, similar to the internet boom in the 90s.
- Experts predict that AI could increase global GDP by 1.5% over the next 10 years, and investment in AI could reach $200 billion by 2025.
- AI could cause nearly 12 million US workers to pivot to another career by 2030, according to a recent McKinsey study.
- Several experts predict significant growth in the stock market due to AI, with predictions ranging from a 9% gain for the S&P 500 in 2024 to the Nasdaq potentially doubling in value in the next few years.