As AI trade falters, Goldman Sachs says this lagging region is now positioned to outperform
Summary
Goldman Sachs notes that European equities could surpass American markets as the artificial intelligence sector slows down. Despite past challenges with strict regulations and labor rules, the region is well positioned to achieve significant cost reductions and productivity gains from new technology.
Precisely because it has long been hamstrung by rigid labor markets and overregulation, European stocks may paradoxically be bigger beneficiaries of the AI revolution in terms of enhanced productivity and cost-cutting than its U.S. counterparts
Source: Read the full story at MarketWatch.com - Top Stories
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