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Emotional AI and other ‘moonshot’ technologies could grow to $ 6 trillion by 2030, says Bank of America

Emotional AI and other ‘moonshot’ technologies could grow to $ 6 trillion by 2030, says Bank of America

Imagine being an early investor for Apple or Amazon.com and sitting on a fortune. Ahhh.

But a lack of identifying the technology of the future right now could mean missing out on the next big thing, says our today’s call from a team of Bank of America strategists led by Haim Israel, highlighting 14 potentially lucrative new technologies representing a $ 330 billion market now that could be worth $ 6 trillion in the next decade.

“The pace at which themes change companies is blinding, but the adoption of many technologies – such as smartphones or renewable energy – has surpassed experts’ forecasts by decades because we often think linearly, but progress is made exponentially,” the strategists say. They say a paradigm shift in the explosion of data, faster processing power and the rise of artificial intelligence will result in “the fastest rollout of disruptive technology in history.”

And in the major stock universe, an increasing number of investors are showing the money. “Over the last 30 years, only 1.5% of companies have generated all the net worth in the global stock market, which means that in fact only a handful of switches (” superstar companies “) really affect the long-term financial markets,” says Israel and team.

Here are the 14 technologies: 6G, brain computer interface (BCI), emotional artificial intelligence, synthetic biology, immortality, bionic humans, eVTOL (electric vertical takeoff and landing cars), wireless electricity, holograms, metaverse, next generation batteries, oceantech (ocean energy, precision fishing, etc.), green mining and CCS (negative emission technology that captures and stores carbon dioxide before it can be released). This table provides an overview:

Bank of america

As for the sectors, they say telecoms would be a recipient of 6G, new media and metaverse and hologram entertainment, and big tech platforms are “pioneers in multi-moon shooting technologies” such as emotional AI, brain computer interfaces, bionic humans and more. E-commerce and retail are favored by metaverse tech, while data centers and telecommunications towers under real estate would be recipients of 6G creation.

The major healthcare sector, biopharma, biotechnology, life sciences, medical technology, are obvious recipients of multiple lunar technologies along with information technology, while metals and mining would benefit from green mining, next generation batteries and oceantech, with chemicals ready to benefit from synthetic biology and next generation batteries.

Here’s one last massive chart from Bank of America that shows how these new technologies can change our lives.

Modern is pushing for boosters and here it comes
retail

A large batch of data is on its way to us, starting with retail sales, which are expected to follow up on July’s 1.1% tumble with a decline of 0.7% in August. Weekly unemployment claims and the Philadelphia Fed manufacturing index are also ahead.

In the wake of a similar study by Pfizer PFE,
+ 0.13%,
Modern MRNA,
+ 1.58%
said a study of its vaccine shows diminishing effect of COVID shots over time, supporting the need for a booster.

Cisco CSCO,
-0.54%
shares are up according to the network equipment manufacturer’s optimistic revenue forecast.

CF Industries CF,
+ 5.03%,
which manufactures hydrogen and nitrogen products, stops operations at two factories in the UK, citing high natural gas prices. Lack of raw materials in Europe and the UK has developed into a major crisis for the regions.

SpaceX’s first private flight and first ever ever amateur crews began a three-day mission Wednesday to go into orbit high above the ground.

Ho ho, oh no. You can pay more or even miss the artificial Christmas tree thanks to supply chain hiccups that threaten to ruin the holiday.

The markets

Stock futures YM00,
-0.01%

ES00,
-0.07%

NQ00,
-0.15%
slips after Wednesday’s solid session, with a holiday in Yom Kippur likely to keep volumes down. Expiration of “quadruple witchcraft” is also threatening. Asia may have been a move Not helped were more losses in Asia with Hang Seng HSI,
-1.46%
falling 2% and China’s CSI 300 000300,
-1.22%
loses 1% with technical regulatory concerns a continued overhang.

Read: How the trading theme ‘buy Yom Kippur sells Rosh Hashana’ plays out in the stock market in 2021

The diagram

While we wait for retail sales, there is a chart showing lots of pessimism:

Random readings

Long-eared dog Lou and a 7-foot teenager are among the new entries in the Guinness Book of World Records in 2022.

University of Noah’s Ark? Several students bring comfort pets to campus. But also their pet pets.

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