As earnings season continues, more than 80% of S&P 500 (^GSPC) companies have announced first-quarter results. To analyze the impact of artificial intelligence (AI) on revenue, Market Domination Overtime welcomes Scott Krisiloff, transcript editor and founder of Avondale Asset Management.
Krysilov acknowledged that the first quarter earnings season was stronger than expected, with consumers showing resilience in the face of economic headwinds. However, a major theme that emerged throughout the earnings report was the critical role of AI. Krisiloff said tech companies doing significant work with AI are “in one bucket,” while the rest of the Fortune 500 are focused on AI's potential to drive business growth and enhance operations. “I'm very interested,'' he said.
He also noted how companies discussed how AI systems consume power. “What we're seeing with AI is that this is this huge tool that's being built for humanity, and it has the potential to increase economic output to levels we've never seen before. I think it is, but it takes a lot of energy to make it happen'-intensive,' explains Krysilov.
For more expert insights and the latest market trends, click here to watch the full episode of Market Domination Overtime.
Editor's note: This article was written by angel smith
