The article argues that President Trump's AI policies could leave the U.S. economy facing considerable risk over the next two years. Independent analyses cited data center infrastructure spending as accounting for nearly all U.S. economic growth last winter and spring, while financiers such as Ray Dalio and Ken Griffin have warned of an AI bubble. The Nasdaq 100 has about 70% of its index weight in AI-dependent companies, and Harvard economist Kenneth Rogoff said a 30% or greater stock market drop is entirely plausible. Tariffs have raised costs for chips and components, while federal deficits have pushed up long-term bond rates, adding pressure on heavily indebted AI firms. Economist Servaas Storm said the AI bubble could pop before Trump's presidency ends as rising debt and elevated interest rates prove too much to sustain it.
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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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