Opinion | Tech Stocks Got Hammered. Is the Economy Next?
In a New York Times opinion column, Jared Bernstein and Ryan Cummings argue that enthusiasm for artificial intelligence has driven spending ahead of plausible profits, making an A.I. bubble by all measures larger than the dot-com one. They warn a burst could hit harder — a dot-com-style sell-off could cut real G.D.P. by 1.4 percent and push unemployment above 7 percent — and fault the administration's weak economic stewardship.
