The article discusses the potential impact of artificial intelligence (AI) on the stock market and economic growth. According to Morgan Stanley’s chief U.S. equity strategist, Mike Wilson, the S&P 500 could reach 6,500 by 2024, driven by AI-fueled productivity gains. Wilson believes AI will boost productivity across various sectors, leading to higher corporate profits and stock valuations. He expects AI to have a transformative effect similar to the internet revolution in the 1990s. However, Wilson cautions that the transition may be volatile, with potential job losses and disruptions in certain industries. The article also highlights the potential for AI to drive economic growth and offset the impact of higher interest rates. Wilson suggests that the Federal Reserve may need to cut rates in 2024 to support the economy during the AI-driven transition. Overall, the article paints an optimistic picture of AI’s potential to drive stock market gains and economic growth, while acknowledging the challenges and disruptions that may accompany this technological shift.