The Superstar Economy: Part 3

The US stock market’s record 50 percent valuation premium versus the non-US stock market is pricing generative AI to do through the next decade what the Web 2.0 network effect did through the last decade. But this is a huge ask, as it will be very difficult for the Web 2.0 superstar companies to become generative AI superstar companies, assuming there are indeed any lasting generative AI superstar companies. We go through the main long-term investment implications.