Shark Tank’s Kevin O’Leary Says ‘Everybody Got It Wrong’ On Trump Tariffs, Calls AI Boom Different From Dot-Com Bubble

‘Shark Tank’ star Kevin O’Leary on Friday dismissed concerns about the impact of President Donald Trump’s tariffs on the U.S. economy, while also noting that the ongoing AI boom is different from the dot-com bubble.

According to a Business Insider report, O’Leary highlighted the rebound in U.S. equities since President Trump announced his “Liberation Day” tariffs in April, adding that this is one of the reasons why investors should stay invested even during downturns.

The S&P 500 index has surged more than 28% since the April 8 crash, and O’Leary said investors who dug in during this period would have made the same returns in 88 sessions that they would have usually made in three years, according to the report.

He added that this sort of rebound reflects clarity in the markets. “Basically, everybody got it wrong,” he said about the impact of President Trump’s tariffs on the economy, according to the report.

The Shark Tank star also said that AI is not “the same hype that the internet bubble was, because today, you actually can see the productivity and measure it on a dollar-by-dollar basis,” according to the report.

Meanwhile, U.S. equities traded higher in Friday’s midday trading session. At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, was up 0.8%, while the Invesco QQQ Trust (QQQ) gained 0.92%. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘bullish’ territory.

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