The rise of AI could add $15.7 trillion to the economy by 2030, but Wall Street analysts predict significant declines in AI stocks.

From Barchart: 2024-07-06 05:06:00

The rise of artificial intelligence (AI) could potentially add $15.7 trillion to the global economy by 2030, sparking interest from Wall Street. Analysts have set high growth expectations for leading AI stocks like Palantir Technologies, which could see a 65% drop in value. Nvidia, another top AI stock, may face a 22% decline due to increased competition in the AI GPU market. Tesla, the most valuable EV maker, could plummet by 91% as its first-mover advantages in the EV market wane and profitability becomes uncertain.



Read more at Barchart: 3 Leading Artificial Intelligence (AI) Stocks That Can Plunge Up to 91%, According to Select Wall Street Analysts