2024: Wall Street's Record-Breaking Year
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AI stock valuationsThe Motley Fool
•Prediction: The Artificial Intelligence (AI) Bubble Will Burst in 2025. Here's Why.
80% Informative
When the curtain closes on 2024 in less than two weeks , it'll likely represent another banner year for Wall Street.
The long-term addressable market for AI is practically limitless.
Analysts at PwC estimate AI will add $15.7 trillion to the global economy by the turn of the decade .
The U.S. government can put the kibosh on the AI rally.
In 2022 and 2023 , regulators under the Biden administration announced restriction on exports of high-powered AI chips and chip-related manufacturing equipment to China .
Under President-Elect Donald Trump , it's unlikely we'll see these restrictions eased or lifted.
In 2024 , we've witnessed Nvidia top a price-to-sales ratio (P/S ratio) of more than 40 .
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