There may be notable effects from A.I. on the U.S. economy, notes Jens Nordvig. He discusses the macro impact of Nvidia’s (NVDA) new A.I. business. He talks about how A.I. could amount to 0.7% of GDP in 2023, potentially growing into 2024. He then goes over how much A.I. will affect future GDP. He outlines the outlook for A.I. growth. He highlights how the AI boom has already supported the US stock market significantly, as seen in the outperformance vs global markets, and the sectoral composition of gains. Tune in to find out more about the stock market today.
Market On Close
29 Aug 2023
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