jordan pulse -

Amman- US President Donald Trump stated he is not worried about a potential financial market bubble surrounding artificial intelligence companies.

Speaking during a meeting with Hungarian Prime Minister Viktor Orbán at the White House on Friday, Trump said "I love AI and I think it will be very useful."

He added "We are ahead of China and ahead of the world in artificial intelligence," highlighting the economic and geopolitical competition fueling the investment boom in this sector.

Trump's comments come as the New York stock exchange showed signs of weakness in recent days, reacting cautiously to soaring valuations of giant tech and AI companies.

Experts worry about the rapid and significant rise in market values of some giants, amid growing concerns about their ability to bear the high costs of the AI race.

This tension was evident Thursday amid confusing statements from OpenAI about a potential request for government support, which were later retracted.

On Friday, the tech-heavy Nasdaq index fell 1.17%, the broader S&P 500 dropped 0.62%, and the Dow Jones Industrial Average declined 0.39%.

Red dominated all tech and AI-related trading on Wall Street, with shares of chip giants Nvidia, Broadcom, and Microsoft seeing declines.

Global spending on AI is projected to reach approximately $1.5 trillion in 2025, according to US firm Gartner, then exceed $2 trillion in 2026, representing nearly 2% of global GDP.