The global labor shortage, estimated to reach 80 million workers by 2030, is expected to significantly boost technology stocks, according to Tom Lee, the head of research at Fundstrat Global Advisors. What Happened: Lee predicts that the technology sector’s share of the S&P 500 will increase from its current 30% to 50%, reported Business Insider. This projection is based on the potential for artificial intelligence to enhance productivity and address the impending labor shortage. Lee’s comments come in the wake of NVIDIA Corp‘s (NASDAQ:NVDA) remarkable first-quarter earnings report, which led …
