News Formal

‘AI-Driven Bubble’ May Burst And Drag Down Stock Market, JPMorgan Says

  • 📰 Forbes
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Fallout from elevated interest rates, an “erosion” of personal savings and a “deeply troubling” geopolitical situation will lead to broad market declines, according to strategists at the world’s largest bank.

The S&P 500 is up nearly 20% this year thanks in large part to $1.9 trillion worth of gains among top AI players like Nvidia, Alphabet and Microsoft. The narrow concentration of the gains could justify a broader rally among stocks left out of the multiple explosion party so far, Goldman Sachs analysts led by David Kostin laid out in a Friday note.

If the price-to-earnings multiple of the 493 S&P constituents not named Alphabet, Apple, Amazon Microsoft Meta, Nvidia or Tesla raises just from its current level of 17x to 19x, the S&P will rally to an all-time high, Goldman forecasted.Now’s a “good entry point” for commodities as the asset class prices in “by far the highest risk of recession and stand out as under-valued, under-owned, and backed by compelling fundamentals and technicals,” Kolanovic wrote.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 394. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Generative AI may upend Hollywood's VFX industry — for better or worseGenerative AI is coming for the visual effects industry: What the technology means for the future of animation
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »