These are the top stocks to play the A.I. theme, Goldman Sachs tells clients

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Hoped-for benefits — and profits — from artificial intelligence triggered a powerful rally in the market. Goldman thinks these stocks will be leading players.

The hoped-for benefits — and profits — springing from artificial intelligence triggered a powerful rally in the market, and Goldman Sachs believes several stocks could prove the leading players in the burgeoning technology. The Wall Street bank estimated that recent advances in AI could add $7 trillion to annual global gross domestic product over 10 years due to surging labor productivity.

Alphabet's Google unit recently announced it will bring AI features to its internet search engine to turn complex queries into simple answers by combining results from multiple sources. Microsoft is another red-hot AI bet as the company recently expanded a multiyear, multibillion-dollar investment in ChatGPT maker OpenAI, marking the third phase of their partnership.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines