Reported 10 months ago
Grace Tam, Chief Investment Strategist of French Bank BNP Paribas, expressed optimism about the potential of AI as the fourth industrial revolution for humanity, citing historical undervaluation patterns of 38% in stock market values during major technological innovations. Tam highlighted the substantial electricity consumption in the semiconductor industry, equivalent to Australia's annual usage, and recommended investing in green metals, renewable energy, and smart grids as AI infrastructure. She also emphasized the growth potential of copper mining and the need for sustainable energy sources. Additionally, Tam projected a positive outlook for gold prices, expecting them to exceed $2600 in the future.
Source: YAHOO