AI Trade is 'Very Nonlinear and Volatile in Nature,' Warns Goldman Managing Director
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Goldman Sachs managing director Eric Sheridan warns that the AI trade is "very nonlinear and volatile in nature." While the AI revolution has boosted the S&P 500 and Nasdaq 100, the next phase is uncertain. Sheridan highlights challenges for companies adopting AI, including budget constraints and employee friction, while consumers may adopt AI tools more readily. The potential for sustainable earnings growth from AI remains unclear, although companies like Meta Platforms have seen increased engagement from AI algorithms.
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