Marketplace · Wednesday, July 15, 2026
US economic growth is partly fueled by significant capital expenditure in artificial intelligence, with an estimated $800 billion spent this year. Steven Juno, a senior US economist at BVA, suggests this spending is driving up prices for certain consumer products like computers and GPUs, and also boosting the stock market, leading to increased consumer spending.
“And for the US, one fuel feeding the fire is AI.”
“AI has driven a lot of CapEx. CapEx as in capital expenditure, as in tech companies have been spending a lot, an estimated $800 billion this year in the US.”
“Also AI has driven up the stock market, so people with stocks feel better about spending, and you just get more pressure on prices.”