https://www.copyright link/markets/equity-markets/ai-is-the-stock-market-s-new-growth-thing-citi-s-chronert-says-20230829-p5e059
"Citigroup strategist Scott Chronert says the first wave of artificial intelligence breakthroughs lifted the stocks of companies such as Nvidia that are at the centre of it all. The second will elevate the market at large.
It’s a familiar pattern for technological innovation, from 19th century railroads to the development of the internet. But when it comes to AI, Chronert sees it happening with relatively rapid speed: he says it may become ingrained in the operations of a wide range of businesses in as little as two years, boosting earnings with cost savings and productivity gains."
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