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WHITE HOUSE'S HASSETT DISMISSES AI FINANCING FEARS
@DeItaone on X
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White House economic adviser Kevin Hassett dismissed concerns about AI financing risks, saying the AI investment boom remains well-financed following last week's technology selloff. Hassett acknowledged that heavily indebted companies carry risks but argued that large, cash-rich investors could step in to provide support if financing problems emerge. He also downplayed the risk of a broader market collapse, characterizing recent weakness as a normal correction after substantial gains. The comments come as markets weigh whether AI-driven valuations can be sustained amid rising debt loads in the tech sector. Investors will watch upcoming tech earnings and credit conditions for signs of stress that could test the administration's reassurances.
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Kevin Hassett, White House