Yahoo Finance
AI continues to ride high, as potential use cases of the technology push stock valuations higher and the level of investment on behalf of technology companies grows along with it.
In fact, spending on AI infrastructure by Alphabet, Microsoft, Amazon, Meta, and Oracle — some of the biggest players in the space — is expected to top $800 billion this year and more than $1.1 trillion in 2027, according to Morgan Stanley.
(1) Thanks to Jeff Bezos, you can nowbecome a landlord for as little as $100— and no, you don't have to deal with tenants or fix freezers.
Here's how Robert Kiyosaki saysthis 1 asset will surge 400% in a yearand begs investors not to miss this ‘explosion’ Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake —here’s how to fix it ASAP The investment in and hype around AI, however, brings a fear that it could crater the U.S.
economy if the industry falls flat on its face.
(2) Look no further than the companies driving the S&P 500's record highs on a seemingly weekly basis as evidence of the nation’s reliance on their growth.
At the same time, AI is skewing the picture of what's going on in the lives of ordinary Americans who are, all the while, dealing with higher prices, slowing wage growth, and a difficult job market.
"AI's pervasive presence makes it almost impossible to discern what is actually going on," wrote Greg IP, the Wall Street Journal's chief economics commentator in a recent article.
(3) "It is swamping the effects of tariffs and the war with Iran, events that would ordinarily be Category 5 storms in their own right." If you're an investor, you're probably loving AI's impact on your stock portfolio.
The "Magnificent Seven" (Apple, Nvidia, Alphabet, Microsoft, Meta, Amazon, and Tesla) currently account for more than a third of the S&P's total market cap.
(4) The benchmark index is up 8% for the year, as of the end of trading on May 15.
AI's effect on the economy is also prevalent in the latest GDP figures released by the Bureau of Economic Analysis.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | ▲ +0.34% |
| WTI Crude | $96.90/bbl | ▲ +0.21% |
| EN590 Diesel | $846/MT | ▲ +0.18% |
| Jet Fuel A-1 | $1090/MT | ▲ +0.55% |
| Mazut M100 | $450/MT | ▼ -0.15% |
| Bitumen 60/70 | $470/MT | ▲ +0.08% |
| Sulphur Gran 99.5% | $470/MT | ▼ -0.44% |
| Urea 46% Gran | $650/MT | ▲ +1.12% |
| NPK 16-16-16 | $460/MT | ▼ -0.28% |
| Nat Gas TTF | $15.42/MMBtu | ▲ +0.92% |
Price alerts · Industry news
Comments
Post a Comment