Economists warn that Trump's fiscal policy leaves the federal government with fewer tools to respond to a crisis, as the US economy depends heavily on AI. Independent analyses say spending on data center infrastructure last winter and spring accounted for nearly all US economic growth, and without it growth would have nearly stalled. Ken Griffin and Ray Dalio have warned of an AI bubble, while Harvard economist Kenneth Rogoff said a 30% or greater stock market drop is entirely plausible and could lead to recession. Tariffs and runaway deficits have raised costs for chips and servers and pushed up long-term bond rates, adding pressure on heavily indebted AI firms.
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Original headline: As vote nears , Trump AI gamble fuels economic uncertainty
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Donald Trumpartificial intelligencedata centerstariffsbudget
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Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.39 |
| Change that session | -0.01% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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