AI spending added 0.5% to GDP growth and the Magnificent 7 stocks are driving the market

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S&P 500 increased by 10 % on an annual basis And I put the highest level ever yesterday. Many of this growth came from the 7 wonderful technology companies, which are highly spent on artificial intelligence and associated infrastructure. This wave of spending has become so huge as it added 0.5 % to the GDP growth, according to Pantheon.

S&P 500 Futures flat this morning, Premark, indicates that investors are not in a mood for sale after the same index reached the highest level ever. S&P rose 0.32 % a day, in 6466.58.

Many of this growth came from wonderful technology shares 7.

“S&P 500 increased by 10 % on an annual basis, supported by the wonderful” Seven “giants whose heavy foreign heavy revenues are strengthened in the weakest dollar. The focus in the first ten stocks is at its highest levels since the 1960s, with the power of profits -83 % of companies that overlook the CONFERA for customers in these customers.

The wide wave of CAPEX spending from those companies – on data centers, servers, programs and other types of IT group – also appears in macro data as well.

The tunnels of artificial intelligence added half a percentage point to GDP growth in the first half of this year, according to Samuel Thompses and Oliver Allen from the macroeconomic economy.

Bantuon overall economics

“We appreciate that the gross domestic product would have been grown at an annual rate of only 0.6 % in the first half had it not been for the AI’s spending, and clearly weakened from 1.1 %. Big Tech plans to continue spending strongly on artificial intelligence over the next few years indicating a similar batch of 2025 to 2026.”

Stembacker Jens Nordvig’s appreciation, which AI Capex appreciated 0.7 % of GDP growth this year.

It is difficult to estimate how much this spending deserves, but it is definitely hundreds of billions of dollars. Pantheon plans show spending on all kinds of computers, a group of what looks like the best part of a trillion dollars this year.

Here is a snapshot of the procedure before the opening bell in New York:

S & P 500 futures contracts It was flat this morning, premarkket, after closing the index by 0.32 % yesterday, which is a new record.
Stoxx Europe 600 0.2 % increased in early trading.
FTSE 100 in the United Kingdom It was flat in early trading.
Japan Nikki 225 It was a decrease of 1.45 %.
China CSI 300 It was flat.
South Korea Cuban It was flat.
Elegant India 50 It was flat.
Bitcoin It rose to 121.7 thousand dollars.