It’s a familiar pattern for technological innovation, from nineteenth-century railroads to the development of the Internet. But when it comes to AI, Chronert sees it happening with relatively rapid speed: He says it may become ingrained in the operations of a wide range of businesses in as little as two years, boosting earnings with cost savings and productivity gains.
“It gives the market in general a new growth thing, and we haven’t really had a new growth thing for some time,” he said. And on Monday, the S&P 500 was headed toward its first back-to-back gain this month, with Nvidia among the top drivers of the advance. According to Chronert, the release of first-quarter earnings prompted a rush into anything AI related after revealing how a handful of the biggest companies, like Microsoft Corp. and Amazon.com Inc., were planning to deploy it. In the second quarter, however, the attention shifted to how the impact will be felt more broadly — setting the stage for it to start cropping up in a wider array of stock prices.
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:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P/TSX composite up more than 150 points, U.S. stock markets also riseTORONTO — Strength in energy stocks as the price of oil topped US$80 per barrel helped lead a broad rally on the Toronto Stock Exchange as Canada's main stock index rose more than 150 points, while U.S. stock markets also climbed higher.
Source: SooToday - 🏆 8. / 85 Read more »
^GSPC Interactive Stock Chart | S&P 500 StockAt Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
BTC-CAD Interactive Stock Chart | Bitcoin CAD StockAt Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Marketmind: Beijing tries new ways to lift moribund marketsChinese blue chips were enjoying a rare rally on Monday after Beijing rolled out more measures to support the market. These included halving the stamp duty on stock trading, slowing the pace of new offerings and approving the launch of 37 retail funds to invest in stocks. While hardly the sort of massive fiscal stimulus investors crave, it was welcome that Beijing at least understood that assistance was needed, and stocks gained around 2.5%.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »