The second, long-term trade is focused on companies that are expected to see a significant boost in labor productivity due to AI. Goldman Sachs has compiled a list of "AI trade after the trade" stocks that are predicted to see increased corporate profits from the adoption of AI technologies. The top 10 companies in this list include Guidewire Software, Clarivate, Alteryx, MongoDB, Nutanix, Smartsheet, Pinterest, Snowflake, Robert Half, and Tenet Healthcare.
Key takeaways:
- There are two trades to be had in the stock market related to the emergence of artificial intelligence technologies, according to Goldman Sachs.
- The first AI trade has already unfolded with investors bidding up the 'enablers' like Nvidia, while the second, long-term AI trade is focused on companies that should see a massive labor productivity boost from AI.
- Goldman Sachs expects AI technologies to have a noticeable impact on the macroeconomy between 2025 and 2030 as adoption picks up.
- The top 10 companies in Goldman Sachs' second AI trade basket include Guidewire Software, Clarivate, Alteryx, MongoDB, and Nutanix among others.