The S&P 500 has spent much of the past two months near record territory, even as the war between the United States and Iran continues, and fighting in Ukraine drags on, and fresh data this week showed US wholesale prices rising at their fastest annual pace since November 2022. Kevin O'Leary says there is one reason markets keep holding up regardless: artificial intelligence.
In a video posted to X early on 12 June, the O'Leary Ventures chairman and Shark Tank investor laid out the case he has been making for months. 'You've got all this volatility. You've got all of these conflicts in the world, Ukraine, the Middle East, et cetera, and the market hits new highs all the time. Why is that?' he said. His answer pointed to the corporate balance sheet rather than the headlines.
