AI investment boom now trails only the 1990s tech cycle, says BofA
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com - AI-related capital spending has risen 1.2% of GDP since the first quarter of 2020, surpassing the investment pace of the 1970s oil boom and the 2010s shale expansion at comparable stages, according to BofA Global Research. Still guessing which stocks will beat…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralAI capital spending supports US GDP growth and tech earnings.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01AI capex rose 1.2% of GDP since Q1 2020, per BofA Global Research.
- 02Only the 1990s tech cycle, at about 1.5% of GDP, is larger.
- 03A Fed study estimates data centers add 0.40 percentage points to 2026 GDP growth.