AI Boom Boosts Stock Market, Goldman Sachs Identifies Three Key Investment Areas
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According to Goldman Sachs' forecast, the artificial intelligence (AI) boom will further drive stock market growth, involving three major sectors.
The first phase has passed, primarily represented by companies like Nvidia achieving significant success in the AI field. Next, the AI boom will enter the second phase, the AI infrastructure phase. This phase includes semiconductor companies, cloud service providers, data center real estate investment trusts (REITs), hardware and equipment companies, security software stocks, and utility companies. Goldman Sachs has identified 93 qualifying companies, including well-known names like ARM Holdings, TSMC, and Cisco.
Image source note: Image generated by AI, image licensed by Midjourney With the continuous popularization and commercialization of AI technology, the third phase—the AI empowerment phase—will arrive. This phase will positively impact companies that can increase revenue by adopting and commercializing AI technology. In this stage, software and IT service companies will be in the most advantageous positions, such as ServiceNow, Accenture, and MongoDB. These companies' tools will help other businesses leverage AI technology, further driving market development.
According to Goldman Sachs' predictions, as the AI boom continues to evolve, the stock market will see more investment opportunities, primarily concentrated in AI infrastructure and AI empowerment sectors.