AI has emerged at a rapid pace over the last few months, and it’s easy to predict that it will be the next hype phenomenon, including in the stock market. As long as AI or something related to it is mentioned, the company’s share price rises and growth multiples hit the roof. ChatGPT provided the necessary boost in this direction, IMO. But… what will the impact of AI be on an individual company’s earnings? Other than margin improvement through the reduction of human labor? A slightly provocative comment, but here’s something to think about:
https://twitter.com/dsmerdon/status/1618819060531347456
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