2023-11-02 08:05:01
The rise of generative artificial intelligence should quickly have an impact on businesses. Most analysts expect significant gains in efficiency and productivity across all industries. (© Siemens)
The rapid development of generative artificial intelligence is driving significant movements in financial markets. A valuation bonus is confirmed for future winners.
The global economic slowdown is taking shape and downward revisions of outlooks are harshly punished by the market
(Alstom, Euroapi, Sartorius Stedim Biotech, LVMH, etc.).
In this delicate stock market environment, the biggest American technology stars continue to attract capital. Nicknamed the “Magnificent Seven”, Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla shares now represent 30% of the total capitalization of the S&P 500, a historic high!
They have posted double-digit gains on the stock market since the start of the year. These companies combine advantages in an adverse environment: their activity continues to improve despite their size, they invest colossal sums, have abundant cash flow and carry out share buybacks.
Their new development engine comes from the rise of so-called “generative” artificial intelligence (AI) (sound, text, image, video) which allows significant productivity gains and strengthens dominant positions (“Winner takes all” ).
Technological revolution
Alkesh Shah and Andrew Moss, analysts at Bank of America (BofA) Securities, point out that to date, more than nine out of ten companies have implemented a strategy dedicated to AI.
American banking experts think
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