European markets are set to climb on Thursday, tracking counterparts in Asia and the U.S. as a pullback in U.S. bond yields eased global borrowing costs.
CNBC Pro: JPMorgan says AI's 'democratization' could put these 2 U.S.-listed Asian stocks at risk
JPMorgan warned that rapid growth in artificial intelligence is no guarantee of sustained earnings expansion — and could leave many companies at risk. The Wall Street bank said that the rise in companies using generative AI, the technology made popular by OpenAI's ChatGPT, will boost productivity and deepen customer engagement.
But it cautioned that if the underlying AI technology is similar, the expansion of generative AI use could erode product differentiation and pricing power among currently competitive companies. It also noted that some companies are already anticipating deflationary pricing pressure.CNBC Pro: ‘Dividend aristocrat’: Investors are getting more bullish on this sector, naming stocks to buy
Stocks in the sector are an option for investors seeking inflation protection, says one strategist, who names one with "plenty of room to grow."Fund managers and other investors name stocks to buy.
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