Here are 10 AI stocks that may be unexpected winners, according to Bank of America.
Innovation has boosted productivity throughout history, and AI will be no exception, according to Bank of America.
Bank of AmericaBank of America recently released projections about the possible productivity gains from AI through 2025, after which it sees productivity growth retreating to its post-2004 average of 1.4%.
"AI stocks are priced for a bygone world of 2% bond yields, low costs of capital, easy globalization, and friendly inflation."
Challenges for AI stocks include expensive valuations, low rates of profitability relative to other technology stocks, and other threats like regulation, according to Bank of America.
Persons:
Jared Woodard, Woodard
Organizations:
Bank of America, Bank of America Bank of America, Bank of
Locations:
Bank of America .