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The just-surprising part: Goldman Sachs argues that AI so is hyped right now that optimism about it casts a shadow over •the entire stock market• for the next decade:

Even if AI does manage to boost productivity, “we find that stocks often anticipate higher productivity growth before it materializes…Using our new long-term return forecasting framework, we find that a very favorable AI scenario may be required for the S&P 500 to deliver above-average returns in the coming decade”

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