Apollo's Torsten Slok: AI shows zero payoff in the S&P 493, so the gains sit in 7 of 500 companies (1.4%)
Apollo's latest note: the AI story will be decided in the S&P 493, not the Mag 7. And so far there's no evidence revenue growth or margins are improving outside tech.
That's a lot of capex riding on 7 of 500 companies.
Are you seeing AI show up in your company's numbers?
https://x.com/DiMartinoBooth/status/2113970450346971241
Sources: @davidsirota: Apollo report says AI has delivered zero financial payoff to corporate America outside of tech · @GaryMarcus quoting Torsten Slok: revenue per worker flat for the S&P 493, profit margins flat, no sign of AI boosting p
Not financial advice. For informational and educational purposes only.
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