CHART OF THE DAY: AI hype in the stock market is starting to cool

• The artificial intelligence hype in the stock market is beginning to cool down, according to Goldman Sachs.
• The proportion of S&P 500 companies mentioning "AI" during their quarterly earnings call declined in the third-quarter.
• "Likewise, Google search volumes for AI rose sharply in early 2023 but appear to have stabilized in recent weeks," Goldman Sachs said.

Our Chart of the Day is from Goldman Sachs, which shows that hype surrounding artificial intelligence in the stock market is beginning to cool down.