Goldman Sachs Names 20 AI Productivity Winners as Enterprise Spending Accelerates
Updated
Updated · CNBC · Aug 17
Goldman Sachs Names 20 AI Productivity Winners as Enterprise Spending Accelerates
3 articles · Updated · CNBC · Aug 17
Summary
CoStar Group, Dollar Tree and eBay are among 20 Russell 1000 stocks Goldman says are best positioned to turn AI automation into profit gains.
Goldman built the screen by pairing each company’s AI-exposed wage bill with labor costs as a share of sales, highlighting businesses with both high labor intensity and high AI sensitivity.
Software, professional services, finance and biotech ranked among the most exposed sectors, while strategists said the AI boom remains largely in its infrastructure phase rather than full enterprise deployment.
31% Q2 EPS growth year over year, excluding private investment income, suggests the earnings impact of AI adoption could become clearer in coming quarters, Goldman said.
Goldman has estimated AI could lift productivity growth by 1.5 percentage points over a decade, though outside forecasts range from 0.53% through 2034 to 3.4 points through 2040.