James Demmert, Chief Investment Officer at Main Street Research, believes that the artificial intelligence (AI) revolution could trigger a bull market that could last almost a decade. What Happened: Demmert credits the impressive stock market rally to the rise of generative AI. Indices such as the S&P 500 and Dow Jones Industrial Average have reached record highs this year, thanks to Wall Street’s enthusiasm for AI, reported Business Insider. Demmert suggests that the stock surge is likely to continue, driven by increased productivity due to AI. He mentions the strength across sectors and capi…