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AI CapEx And Earnings: What Happens When Growth Slows
AI CapEx And Earnings: What Happens When Growth Slows Authored by Lance Roberts via RealInvestmentAdvice.com, AI capex and earnings are now so tightly tied that spending doesn't have to fall to hurt profits. It only has to stop accelerating. Almost half of the S&P 500's earnings growth this year traces back to one activity: companies buying chips, servers, power gear, and concrete to build artificial intelligence. That's the estimate Goldman Sachs published on September 23. It's also the clearest statement yet of how tightly AI capex and earnings are now linked.1 Most investor