Tom Lee, one of Wall Street's biggest bulls and former chief equity strategist at JPMorgan Chase, saiddrawingroulette, it is expected that by 2030, the global labor shortage will reach 80 million, which will significantly boost technology stocks.
The current head of research at Fundstrat global Advisors said he expects technology stocks to be among the top players in the S & P 500.drawingroulettewill increase its share from the current 30% to 50%. This forecast is based on the potential of artificial intelligence to increase productivity and address upcoming labor shortages.
"The growth rate of the golden age labor force is slower than the growth rate of the world's total population, and by the end of this decade, this gap will reach about 80 million. So unless artificial intelligence can bring productivity prosperity, it will put a lot of pressure on companies or inspire them to innovate. That means you will see a shift from annual salary expenses to silicon expenses,"Lee said.
He estimates that in order to cope with the growing labor shortage, companies will invest a total of about 3% in artificial intelligence technology every yeardrawingroulette.2 trillion US dollars. He also emphasized that Nvidia, which has annual revenue of nearly $100 billion, will benefit greatly from this increased spending.
Lee pointed out that the possibility of labor shortages driving tech stocks soaring is not a new phenomenon. He cited previous examples of global labor shortages, such as the periods from 1948 to 1967 and 1991 to 1999, which led to a sharp rise in technology stocks.
