Accessible version Research Marketing When the spotlight becomes too hot: opportunities away from AI US Equity Strategy points to AI risks on exorbitant spend Savita Subramanian models a 12M return of 8% for the S&P. She continues to expect a broadening of performance, suggesting investors own the average stock, not the index. Savita points to a few risks to monitor around AI. If tech-driven efficiency comes with waning demand for middle income white collar jobs, this impairs consumer spending. With consume ...