tech
January 14, 2026
These stocks could benefit most from AI productivity, Goldman Sachs says
Stocks such as Bank of America and EPAM Systems could benefit most from investing in AI productivity, according to Goldman Sachs.
TL;DR
- Goldman Sachs anticipates significant stock gains in 2026 from companies effectively utilizing AI for productivity.
- This trend follows AI's role in driving record highs in the stock market in the previous year, notably benefiting chipmaker Nvidia.
- The bank forecasts a deceleration in AI spending but an increase in company adoption, leading to shifts among major US tech stocks.
- Companies identified as potential beneficiaries include EPAM Systems, Affirm, LabCorp, H&R Block, and Bank of America.
- The analysis excluded companies that did not mention AI in the context of productivity or efficiency on recent earnings calls.
- Findings were based on companies' labor costs and payroll exposure to AI automation.
- EPAM Systems, a software engineering services company, has shown strong performance, driven by AI investments.
- Affirm, a buy-now-pay-later company, leverages AI for personalized payment options and improved credit outcomes, though recent stock performance has been impacted by a proposed credit card interest rate cap.
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