Tom Essaye Quoted In Barron’s – A Problem For The Nasdaq and S&P 500
If AI blows up large market sectors, that won’t be good for the S&P 500
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“If AI begins to make entire, large sectors of tech no longer needed, that is a problem for the Nasdaq and the S&P 500 and that loss of earnings could offset AI efficiency gains in the short and medium term,” wrote Tom Essaye, president of the Sevens Report. “If AI blows up large market sectors, that won’t be good for the S&P 500.”
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