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Bloomberg

JPM's Faller Sees Broadening Case Even as AI Leads Gains

Madison Faller, investment strategist at JPMorgan Private Bank, says that concentration and broadening can exist side-by-side in equity portfolios as investors assess the momentum of the artificial intelligence trade. "AI, and tech broadly speaking, is leading the strength it's doing more of the heavy lifting," Faller tells Bloomberg Television. "But at the same time we are seeing more sectors participate within that, with ten of eleven S&P 500 sectors expected to produce profit growth this quarter."

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Bloomberg

McKinsey Says AI Heralds 'Golden Age' for Consultancy Firm

Bob Sternfels, global managing partner at McKinsey & Co., says the firm is on the edge of a possible "golden age" as companies seek help with issues such as artificial intelligence. McKinsey has cut staff from its support teams on the back of the AI wave but is hiring more consultants "in record numbers" and is set to grow headcount overall, Sternfels tells Bloomberg's Francine Lacqua.

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