AI was the buzzword of 2023. What happens in 2024?

AI was the buzzword of 2023. What happens in 2024?

The emerging industry has kept investors optimistic and stirred up market euphoria throughout 2023.

Of all S&P 500 companies, 152 cited the term “AI” during their earnings call for the third quarter

That’s the second-highest number of S&P 500 companies citing “AI” ...

...on earnings calls going back at least 10 years

when FactSet began tracking the data. It trails only the previous quarter’s 180 citations.

Nvidia, the AI-adjacent chipmaker, meanwhile, was the highest performing US stock this year, up 235% so far.

Before the Bell spoke with Marco Argenti, chief information officer at Goldman Sachs, about what comes next for AI.

Argenti has a history of predicting what comes next in technology