If you think you've completely missed the artificial intelligence trade, think again. Analysts at Goldman Sachs released a note to clients late Monday, looking at what they called "The trade after the trade." The research is meant to identify potential long-term beneficiaries of AI adoption, beyond this year's hype that has sent many of these big companies' stocks soaring year-to-date.
The common theme here is enhanced worker productivity; AI leading to revenue growth and lower labor costs, an obvious benefit to the bottom line. This work productivity focus indicates that the companies with the most to gain are those with high labor costs as a percentage of revenue and a high percentage of labor costs associated with roles that can be altered or replaced entirely by artificial intelligence.
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