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On November 2, 2026, White House National Economic Council Director Kevin Hassett, responding to the recent plunge in technology stocks, said that the adjustment does not mean the AI industry faces a risk of broad sell-off, and that capital within the industry ecosystem remains ample. He acknowledged that it is worth paying attention that some companies carry massive debt, but said that companies with strong financial strength in the industry hold equity and debt in the relevant companies and can step in to acquire them or provide funding support when enterprises run into difficulties, and he believes that a market pullback after a strong rally is normal. The related report also noted that AI industry financing is increasingly reliant on debt, with AI-related debt issuance expected to exceed $600 billion by 2026, about 10 times that of 2024, and that yields on some data center- and chip manufacturing-related bonds and loans have risen to double digits. There is currently no further evidence-based development.
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Nov 3
East Money
White House National Economic Council Director Hassett responds to tech stock plunge: The AI industry has ample cash, and there is no risk of a broad sell-off
White House National Economic Council Director Kevin Hassett responded to the recent tech stock plunge, saying that this adjustment does not mean the AI industry faces the risk of a broad sell-off, that funds within the industry ecosystem remain ample, and that companies with strong financial strength can step in to acquire or provide funding support when enterprises run into trouble. He acknowledged that some companies carrying huge debts are worth watching, but believes that a market pullback after a strong rally is normal. The article also points out that AI industry financing is increasingly reliant on debt, with AI-related debt issuance expected to exceed $600 billion by 2026, about 10 times that of 2024, and that yields on some bonds and loans related to data centers and chip manufacturing have risen to double digits.
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Cailian Press
White House National Economic Council Director Hassett responds to AI stock sell-off: the industry has ample cash, and there is no risk of a broad sell-off
White House National Economic Council Director Kevin Hassett, responding to the recent plunge in technology stocks, said that this adjustment does not mean the AI industry faces the risk of a broad sell-off, and that capital within the industry ecosystem remains ample. He acknowledged that some companies may carry huge debts that warrant attention, but said that financially strong companies in the industry hold equity and debt in the relevant companies and can step in to acquire them or provide funding support when enterprises run into trouble. The article also points out that AI industry financing is increasingly reliant on debt, with AI-related debt issuance expected to exceed $600 billion by 2026, about 10 times that of 2024, and that yields on some data center- and chip manufacturing-related bonds and loans have risen to double digits.
Cailian PressRelated discussion
Cailian Press joined this discussion
This post contributes to heat; it is not a formal report or confirmed fact.
Nov 2
Sina Tech
Hassett Downplays AI Financing Concerns: No Large-Scale Sell-Off Expected
Hassett downplayed concerns about AI financing, saying that while the market may see a minor pullback, he does not believe at all that a wholesale sell-off will occur. He noted that some companies are heavily indebted, but cash-rich giants hold related equity and debt, and would step in if a company runs into trouble or seizes the opportunity to take over—though he added that it may not come to that.
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