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AI could boost S&P 500 profits by 30% or more over the next decade, Goldman Sachs strategist says

AI has seen a huge surge in popularity this year. PhonlamaiPhoto/Getty Images AI technology could boost S&P 500 profits by 30% or more over the next decade, a…

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Goldman: A I will lift profits 30% or more in a decade

A.I. tech is set to boost corporate profit margins, already near a record high, dramatically over the next decade, Goldman's Ben Snider said Thursday.

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AI Could Boost S&P 500 Profits by 30% Over Next Decade: Goldman Sachs

"The real source of optimism now is productivity enhancements through artificial intelligence," Goldman Sachs strategist Ben Snider told CNBC.

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Goldman Sachs Expects AI Tech to Boost S&P 500 Profits by 30% Over Next Decade

Although the onslaught of AI is creating a major disruption in the market date, banking giant Goldman Sachs is bullish about the tech.

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Steve Cohen is bullish on stock amid A I opportunity

“I’m making a prognostication we’re going up,” the billionaire investor said at a private event Tuesday, Bloomberg first reported, citing unnamed sources.

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