Wall Street Bull Tom Lee: "Expand S&P 500 Tech Stock Weight to 50%"

Companies Invest in AI to Address Labor Shortages

Tom Lee, co-founder of Fundstrat and a leading bull on Wall Street, predicted that the technology sector's weight in the S&P 500 index, which consists of large-cap stocks on the New York Stock Exchange, will expand to 50%. This outlook is based on the expectation that companies aiming to solve the global labor shortage problem will invest in artificial intelligence (AI), leading to a surge in tech stocks.

According to Business Insider on the 23rd (local time), Tom Lee stated that the technology sector's share in the S&P 500 index will increase from the current 30% to 50%.

He said, "The core working population is growing at a slower pace than the global productive population," and predicted that the global labor shortage will reach about 80 million people by 2030. He also diagnosed that companies will try to solve this by expanding productivity through AI technology.

In particular, Tom Lee estimated that companies will invest $3.2 trillion annually in AI technology to address the growing labor shortage problem. He also emphasized that Nvidia, considered a leading AI stock, is ready to benefit from such investments. He explained, "The forecast that labor shortages will drive a surge in tech stocks is not new," noting that during past global labor shortages from 1948 to 1967 and 1991 to 1999, tech stock growth was also confirmed.

Business Insider reported, "The global labor shortage is an important issue not limited to the tech industry."

The outlet also highlighted that these remarks came after Nvidia's first-quarter earnings were released. Supported by stronger-than-expected earnings, demand forecasts, and stock splits, Nvidia's stock price surpassed $1,000 for the first time ever at the close of trading on the New York Stock Exchange that day.

This content was produced with the assistance of AI translation services.