Trump Stresses AI as the Greatest Economic Engine Ever

US President Donald Trump recently emphasized artificial intelligence (AI) as the greatest economic development engine in history, surpassing even oil, gold, diamonds, and the internet. These remarks come with a clear message from his administration to prioritize rapid advancement of AI and data centers while minimizing regulatory barriers. However, this approach could create uncertainty regarding the balance between accelerated development and concerns over safety, energy demand, and national security. The market response has been mixed; the Nasdaq is showing initial hesitation towards Trump's comments, while other indices are more contained in their movements. Technically speaking, the NASDAQ Composite Index is testing its 100-hour moving average, indicating a neutral stance for now.