The bank expects the technology to improve worker productivity and corporate revenues. It also anticipates "meaningful macro impact" from AI to begin at some point between 2025 and 2030. As the long-term implications start taking shape, Goldman Sachs outlined a basket of beneficiaries from the Russell 1000 expected to see the strongest earnings boost from adoption ahead.
Here are some of the stocks that made the cut: A handful of well-known technology stocks met Goldman Sachs' criteria for the basket. That included Amazon and Pinterest, up about 60% and 12%, respectively, year to date. Based on the firm's criteria, Pinterest could experience a 162% change in baseline earnings due to AI, while Amazon's could rise 39%.
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: