The article discusses the potential impact of artificial intelligence (AI) on the stock market, predicting a “hat trick” of 20% gains for the S&P 500 index over the next three years. According to Morgan Stanley’s chief U.S. equity strategist, Mike Wilson, AI is expected to drive significant productivity gains across various industries, leading to higher corporate profits and stock market returns. The article highlights AI’s potential to revolutionize sectors like healthcare, transportation, and manufacturing, resulting in cost savings and efficiency improvements. However, it also acknowledges the risks associated with AI, such as job displacement and regulatory challenges. Overall, the article presents an optimistic outlook for the stock market, driven by the transformative power of AI and its ability to boost economic growth and corporate earnings.