Indices such as the S&P 500 and Dow Jones Industrial Average have reached record highs this year, thanks to Wall Street’s enthusiasm for AI, reported Business Insider.ĭemmert suggests that the stock surge is likely to continue, driven by increased productivity due to AI.

What Happened: Demmert credits the impressive stock market rally to the rise of generative AI. James Demmert, Chief Investment Officer at Main Street Research, believes that the artificial intelligence (AI) revolution could trigger a bull market that could last almost a decade.