Goldman Sachs projects an average annual return of 14% for the S&P 500 over the next ten years if a favorable economic environment combines with a strong AI boom. In the case of stagflation, returns would drop to only about 4%. 📈🤖 What’s particularly interesting is how heavily the outcome depends on the economic environment. For me, these numbers show that while AI can be a major growth driver, it doesn’t automatically guarantee consistently high returns. Ultimately, inflation, growth, and valuations remain decisive. 💡