IMF: Artificial Intelligence (AI) Will Transform 40% of Jobs. Can Investors Capitalize?
From the internet to e-commerce to the cloud, businesses and people are trending toward efficiency. In a recently published report, researchers at the International Monetary Fund (IMF) predicted that artificial intelligence (AI) will affect 40% of jobs worldwide. Generative AI is in its early phases, but it is already making its mark on the economy and jobs. Software is taking over a growing number of tedious tasks, and customer service and ordering are becoming more automated. Investors are clamoring to get a piece of the action, but not all the companies in this arena are created equal.
Many of us remember the dot-com bubble and the bust that followed. And we all know what happened after 2021 when tech stock prices became decoupled from fundamentals. Now, a new wave of tech enthusiasm has tech stocks flourishing again, pushing the market to new all-time highs. Consider the performance of the Invesco QQQ Trust exchange-traded fund, which tracks the tech-heavy Nasdaq-100 index.
Source Fool.com
Invesco Ltd. Stock
Currently there is a rather positive sentiment for Invesco Ltd. with 5 Buy predictions and 1 Sell predictions.
As a result the target price of 18 € shows a positive potential of 33.14% compared to the current price of 13.52 € for Invesco Ltd..
