EconomyZandi: AI Drives at Least 25% of Growth

Moody’s Analytics chief economist Mark Zandi calls Nvidia a “juggernaut” and says AI is responsible for at least a quarter of economic growth. He says it is supporting demand and modestly adding to inflation, but clear productivity gains have yet to emerge—gains he considers vital to sustaining company valuations. Zandi expects Federal Reserve Chair Kevin Warsh’s Jackson Hole speech to be quiet and unlikely to move markets.