ROI-AI may be rocket fuel for US stocks, less so for GDP: McGeever

?Wall Street is not the economy, so we are told. Nowhere is this clearer than the AI revolution, which ?is firing US stocks to record highs while, simultaneously, weighing on real gross ?domestic ?product (GDP) growth. Demand for all the equipment that goes into building US AI data centers and infrastructure is surging, but much of it is directed toward imports. This is widening the trade deficit, which, in turn, is a drag on growth, not enough to slow the economy to a halt, but enough to ensure it doesn’t accelerate too fast. Politically, it’s a double-edged ?sword. On the…