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S&P 500 Gains Support as PwC Forecasts $31 Trillion AI Spending Wave

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • PwC forecasts cumulative global AI spending will reach $31 trillion by 2050, indicating the artificial intelligence buildout remains in its early stages.
  • This massive capital expenditure supports broad earnings growth across the S&P 500 and creates long-term recurring revenue for semiconductor and power infrastructure companies.
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