Top Economist Ed Yardeni Says Generative Artificial Intelligence (AI) Will Unleash a "Roaring '20s" for the Stock Market. Here's How Investors Can Profit.
What a difference a year makes. In mid-2022, the stock market was in the midst of its worst downturn in more than a decade, with no end in sight.
Fast-forward 12 months, and investors face a rapidly shifting landscape. After bottoming late last year, the major stock market indexes have all come roaring back, gaining more than 20% from their lows and heralding what some economists consider the beginnings of the next bull market.
Helping fuel the rising optimism are the latest advancements in generative artificial intelligence (AI). These next-generation chatbots can create new content from scratch, including composing emails, writing code, or creating images. Estimates about the potential impact on the economy vary. Cathie Wood's Ark Investment Management authored one of the most bullish estimates, suggesting the technology could add $14 trillion to the economy by decade's end.
Source Fool.com
