Jeremy Siegel warns Nasdaq Composite could fall 30% if AI spending fails to yield profitability
- 1Jeremy Siegel warned that the Nasdaq Composite could potentially drop 30% if AI spending does not generate expected returns.
- 2The Nasdaq Composite closed at 26,140 on Friday.
- 3The Nasdaq Composite fell 2.15% on Friday.
So what's the key point?
There is a warning that the Nasdaq index could fall by as much as 30% if the money spent on artificial intelligence does not result in enough profit. The Nasdaq index is showing instability, falling 2.15%.
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