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Tariffs and other factors drag down market outlook, scholars: Artificial intelligence will become a "strong tonic" for enterprises.
On July 14, Jin10 data reported that tariffs, immigration restrictions, and concerns about the deterioration of the U.S. fiscal situation and its impact on the bond market have cast a shadow over market and economic prospects. However, Sung Won Sohn, an economics professor at Loyola Marymount University, wrote in a report that the business community is still expected to gain significant support from artificial intelligence in the coming years, which will improve profit and stock price outlooks. Sung wrote: "The rapid integration of artificial intelligence technology... is changing the game. It increases per capita output, drives efficiency improvements, and should support strong profit growth in the coming years." He noted that analysts have predicted that the profit growth rate of S&P 500 component companies could reach as high as 10% this year and as high as 15% next year, a forecast that reflects the productivity gains brought about by such technologies.