Stock Market Outlook: Bear Rethinking View on AI Boom, David Rosenberg Says 2024

The article discusses the potential impact of artificial intelligence (AI) on the stock market and the economy. According to David Rosenberg, a renowned economist, the AI boom could lead to a rethinking of the bear market outlook for 2024. Rosenberg suggests that AI has the potential to drive productivity gains, which could offset inflationary pressures and support economic growth. However, he also acknowledges the risks associated with AI, such as job displacement and the need for retraining workers. The article highlights the importance of monitoring the development and adoption of AI technologies, as they could have far-reaching implications for various sectors and the overall market dynamics. Rosenberg emphasizes the need for policymakers and businesses to prepare for the AI revolution and adapt accordingly.

Source: https://markets.businessinsider.com/news/stocks/stock-market-outlook-bear-rethinking-view-ai-boom-david-rosenberg-2024-12