The White House economic adviser said the AI-driven run-up in stocks does not, in his view, amount to bubble conditions.
White House economic adviser Kevin Hassett said he does not view equity markets as being in bubble territory despite the recent AI-driven run-up in stocks. The remark pushes back against concerns that enthusiasm around artificial intelligence has inflated share prices beyond fundamentals, a debate that has intensified as investors funnel money into companies seen as beneficiaries of the technology boom.