Billionaire Steve Cohen warns of slow US economy due to policies, optimistic on tech stocks.

From Yahoo Finance: 2025-04-27 11:45:00

Billionaire Steve Cohen warns about the US economy amid tariffs, immigration crackdown, and federal spending cuts, forecasting slower growth. President Trump’s trade policy is expected to impact the economy negatively, with the service sector growing slowly. Cohen predicts a significant correction in the stock market, which has already pulled back from record highs. Despite this, Cohen remains optimistic about the future of artificial intelligence, investing strategically in tech giants developing AI innovations. Adobe Inc. (ADBE) is highlighted as one of Cohen’s large-cap stock picks with significant upside potential, leveraging AI to drive growth and expand its market presence.



Read more at Yahoo Finance: Among Billionaire Steve Cohen’s Large-Cap Stock Picks With Huge Upside Potential