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Speaking on CNBC’s Squawk Box on Monday, Clinton said the technology sector remains a key driver of broader markets and argued that artificial intelligence (AI) could improve corporate efficiency.
He suggested that companies in the S&P 500 could cut roughly 10% of their workforce without slowing operations, with potential reductions rising to 20%–30% as AI models improve. Clinton said this efficiency shift could act as a long-term tailwind for margins and market growth.
Clinton named Nvidia as his top pick, saying it “is still the king” because it powers inference for major AI developers such as OpenAI and Anthropic.
He ranked Google second, arguing it stands out as a leading publicly available AI model builder, giving investors direct exposure to model development in public markets.
Clinton also pointed to companies including SpaceX, OpenAI, and Anthropic as potential forces in the next phase of AI, particularly as they move closer to public markets.
On SpaceX, he said it could reach a $2 trillion valuation, driven by strong retail demand, limited float, and the possibility of early index inclusion—factors he said could create a “squeeze” dynamic.
He added that trillion-dollar-scale initial public offerings (IPOs) may justify faster index inclusion, while warning that markets must balance timing and liquidity to support proper price discovery. Clinton noted that strong secondary-market activity already provides valuation signals.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…