AI Is Reshaping a Trillion-Dollar Wall Street Catalyst, and It Has Terrifying Implications for the 2nd-Priciest Stock Market in History
As spending on the artificial intelligence (AI) infrastructure build-out accelerates, a separate stock market catalyst is being starved of capital.
Overview
Over 30 years ago, the advent and proliferation of the internet vaulted the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite to new heights. After a multidecade wait, the evolution of artificial intelligence (AI) is having the same effect on equity markets.
The most influential businesses on Wall Street that have embraced AI, such as Google parent Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), social media maven Meta Platforms (NASDAQ: META), and iPhone maker Apple (NASDAQ: AAPL), have been handsomely rewarded. Unfortunately, AI is reshaping a trillion-dollar catalyst for Wall Street, which comes with potentially terrifying implications for the second-priciest stock market in history.
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Originally published at www.fool.com.