Goldman Sachs Names Top Stocks To Leverage AI Trend In Music: CNBC
Portfolio Pulse from Benzinga Newsbot
Goldman Sachs has identified five stocks to leverage the trend of generative AI in the music industry: Live Nation (LYV), Warner Music Group (WMG), Believe (BLV), NetEase (NTES), and Universal Music Group (UMGNF). The bank believes that AI will enhance music creation and boost productivity, and that concerns over AI-generated music are overstated. Despite falling revenue per audio stream, Goldman Sachs sees potential in Live Nation due to expected increase in artist tours and globalization of music.
July 05, 2023 | 10:10 am
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Believe is identified by Goldman Sachs as a stock to leverage the trend of generative AI in the music industry.
Goldman Sachs' recommendation suggests a positive outlook for Believe, which could lead to a potential increase in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Goldman Sachs sees potential in Live Nation due to the expected increase in artist tours and the globalization of music, despite falling revenue per audio stream.
Goldman Sachs' positive outlook on Live Nation is based on the expected increase in artist tours and the globalization of music. This could lead to increased revenues for the company, positively impacting its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NetEase is identified by Goldman Sachs as a stock to leverage the trend of generative AI in the music industry.
Goldman Sachs' recommendation suggests a positive outlook for NetEase, which could lead to a potential increase in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Universal Music Group is identified by Goldman Sachs as a stock to leverage the trend of generative AI in the music industry.
Goldman Sachs' recommendation suggests a positive outlook for Universal Music Group, which could lead to a potential increase in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Warner Music Group is identified by Goldman Sachs as a stock to leverage the trend of generative AI in the music industry.
Goldman Sachs' recommendation suggests a positive outlook for Warner Music Group, which could lead to a potential increase in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60