Economist Peter Schiff, co-founder of Echelon Wealth Partners, thinks that the decline of Elon Musk-led Space Exploration Technologies Corp.
(NASDAQ:SPCX) could signal the end of the artificial intelligence (AI) boom.
Peter Schiff Chimes in on SpaceX Falling Close to IPO Price Schiff took to the social media platform X on Monday, weighing in on SpaceX's recent decline.
He outlined how the stock had broken "below $137," which was "less than $2 above its IPO price and nearly 40% below its post-IPO high" of approximately $225/share.
Read Also: Cathie Wood Buys $21.3 Million Of SpaceX Stock As It Slides From Record Highs, Keeps Trimming AMD "Does this mean the bloom is coming off the AI rose?" Schiff asked in the post.
