AI spending added 0.5% to GDP growth and the magnificent 7 actions stimulate the market

A large part of this growth comes from the magnificent 7 technological actions.

“The S&P 500 is up 10% for the beginning of the year, powered by the” Magnifiment Seven “technology giants whose heavy foreign incomes are stimulated by the lower dollar. The concentration in the first 10 actions has been at its highest yield since the 1960s, with Kevin Ford de Avéra – 83% of the companies that beat this morning.

The vast wave of CAPEX expenses generated by these companies – on data centers, servers, software and other types of IT kit – also appear in macro data.

AI expenses have added half a percentage to GDP growth to the first half of this year, according to Samuel Tombs and Oliver Allen by Pantheon Macroeconomics.

Macroeconomic pantheon

“We estimate that GDP would have increased to only 0.6% annualized rate in the first half if there were no expenditure linked to AI, clearly lower than the 1.1% plans.

The pair estimate is similar to that of Bodacker Jens Nordvig, who estimated that the IA Capex would reach 0.7% of GDP growth this year.

If it is difficult to estimate the value of all these expenses, it is certainly in the hundreds of billions of dollars. Pantheon’s graphics show expenses on all types of computers and the IT kit approaching something like the best part of $ 1 Billion this year.

Here is an instantaneous action before the opening bell in New York:

• Future S&P 500 were flat this morning, pre-market, after the closure of the 0.32% index yesterday, a new record.
• Stoxx Europe 600 increased by 0.2% at the start of negotiations.
• The FTSE 100 of the United Kingdom was flat at the start of trading.
• Nikkei 225 from Japan dropped by 1.45%.
• CSI 300 from China was flat.
• South Korea Kospi was flat.
• Nifty 50 of India was flat.
• Bitcoin increased to $ 121.7,000.