Sure, AI cannot replace analysts today. But is that really the important issue? Should analysts and their employers plan on business as usual? Here are some questions I am thinking about:

AI lets analysts do more...cover more securities or cover the same ones more deeply. Which should they do? What should their employers ask them to do? Will we need the same number of analysts in the industry?

AI gets more information into markets faster. What does this mean for security prices? Do they get more efficient? Where should analysts look for unique data and insights?

What is "judgment"? Is it more than an algorithm? Why? The power of AI is expanding exponentially. Will it equal the median analyst skill in five years? Ten years? Never? What skills will the analyst of the future need?