A snippet from Goldman Sachs on artificial intelligence.
- we assume that widespread AI adoption boosts productivity growth by 1.5% per year over a 10-year period
GS argues that such a scenario means:
- S&P 500 fair value would be 9% higher than today, holding all else equal
- as large as +14%
ps. The GS note was before Wednesday’s meltdown in NQ and milder fall for the ES: