Apollo Economist Says AI Has Yet to Show Broad S&P 500 Financial Gains

Apollo Global Management chief economist Torsten Slok says the AI investment boom has yet to produce a visible financial payoff across most S&P 500 companies. In an October 24 analysis, he found revenue per worker and profit margins rising for the Mag 7 but flat for the other 493 companies, with no clear lift in US productivity growth. Apollo’s analysis frames those aggregate trends as evidence that AI has yet to improve financial results beyond the leading group.