While the stocks in countries that have made progress in AI get better valuations than India, the absence of AI won’t necessarily protect the jobs.
The price-to-earnings ratio for the S&P 500, the index of America’s biggest stocks, would fall from 22.7 to 21.9 if the likes of Nvidia, Palantir, Tesla, and other new-age tech stocks are taken out of the calculation, a recent analysis by Bloomberg’s Jonathan Levin showed.
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