Stock Selloff Highlights Financial Markets' Reliance on the AI Boom

Recent post-election stock market losses have revealed how heavily U.S. financial markets rely on artificial intelligence for total economic growth. More than half of the S&P 500's $32 trillion expansion since late 2022 was driven by ten AI-centric companies, leaving pension funds and retail portfolios vulnerable to downturns. Wealth concentration among tech founders has simultaneously energized public support for proposed billionaire tax measures.