On November 19th, according to The Inside of BusinessGoldman SachsAccording to an analyst's recent research report, Wall Street is right across the street AI The potential benefits of technology have been reflected, to a large extent, in stock market valuations。
Analysts warn that investors are often at risk of “excessive push” and “unsustainable profit” in the face of a wave of innovation。
GOLDMAN SACHS PREDICTS THAT AI IS EXPECTED TO GENERATE ABOUT $8 TRILLION IN ADDITIONAL REVENUE FOR AMERICAN BUSINESSES, RANGING FROM $5 TRILLION TO $19 TRILLION, WITHOUT A SPECIFIC TIME FRAME。
At the same time, since ChatGPT was launched, the market value of AI related companies has risen by over $19 trillion, indicating that the market may have overspent some of the potential dividends。
The study highlighted the fact that individual firms could achieve impressive profit growth in the short term, but that it was difficult for the overall market to replicate this trend. Early productivity increases can boost returns, but as competition increases and capital inputs increase, profit margins tend to be eroded。
WHILE GOLDMAN SACHS DOES NOT DIRECTLY DEFINE THE CURRENT PATTERN AS A BUBBLE, IT POINTS OUT THAT THE LEVEL OF VALUATION HAS BEEN "ABOVE THE MACROS". THE ANALYSTS BELIEVE THAT, AS LONG AS THE ECONOMY AND AI INVESTMENTS REMAIN STRONG, THE MARKET MAY CONTINUE TO BE OPTIMISTIC, BUT THAT HIGH VALUATIONS ARE AT RISK IF GROWTH SLOWS OR THE CYCLE REVERSES。
MORGAN CHASE ANALYSTS HAVE ALSO WARNED THAT CURRENT AI INVESTMENTS ARE LIKELY TO REPEAT THE PATH OF THE 1990S INTERNET BUBBLE: LARGE FINANCIAL INVESTMENTS, BUT LACK A CLEAR UNDERSTANDING OF THE TECHNOLOGICAL MATURITY CURVE。