Goldman Sachs has steadfastly maintained that a artificial intelligence (AI) does not exist, even though concerns remain among analysts about the significant increase in interest in the AI โโmarket and the resulting rise in technology stocks. Instead, the financial powerhouse believes we are on the verge of an AI revolution, rather than the anticipated bubble.
The recent rally in AI stock prices has led some to draw parallels to the dot-com bubble of the late 1990s, a comparison that Goldman Sachs strongly considers. refused in a recent post.
Peter Oppenheimer, chief global equity strategist at Goldman Sachs, said in the post:
"We are convinced that we are still in the early phases of a new technological cycle, which is poised to deliver strong additional performance."
Goldman Sachs predicts a Substantial increase in global investments in artificial intelligence., with the potential to reach $200 billion by 2025. This increase is linked to the significant economic opportunities presented by generative AI, a subset of AI focused on generating content using large language models. Previous reports suggest that generative AI could contribute up to $4.4 trillion to the global economy.
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AI stocks have shown impressive performance throughout the year, contributing to the recovery of the entire SP500 index after the setback in 2022. According to the report, valuations of the market-leading stocks are not as wide as seen in previous periods, such as the Internet bubble that burst in 2000. Additionally, these companies have exceptionally strong balance sheets and investment returns, the report states.
Although the outlook seems favorable, some specialists advise caution, Recommend a reflective stance when considering AI. sector investments. Oppenheimer introduced the PEARL framework, designed to help people make an informed decision after extensive research.
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