#ai-market-bubble

#ai-market-bubble

Hassett's obvious loyalty to Trump and his expected deference to the president are raising concerns among asset managers at an uncertain time. High U.S. debt levels are compounded by warnings about elevated stock market valuations, excessive spending by major tech companies on artificial intelligence, and private credit. Analysts' reports speculating on whether there is a bubble in the AI sector inflating the market circulate daily on Wall Street.

Voter anger over the cost of living is hurtling forward into next year's midterm elections, when pivotal contests will be decided by communities that are home to fast-rising electric bills or fights over who's footing the bill to power Big Tech's energy-hungry data centers. Electricity costs were a key issue in this week's elections for governor in New Jersey and Virginia, a data center hotspot, and in Georgia, where Democrats ousted two Republican incumbents for seats on the state's utility regulatory commission.