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AI data-centre construction is growing against a slower-moving wider economy, while AI-related firms are taking a large share of US market activity, Axios says, citing government and financial-market data.
Why it mattersThrough August, AI-related offerings accounted for more than half of net US investment-grade corporate bond issuance for the year. The S&P 500 technology sector made up roughly 40% of the index’s market value; including Meta and Amazon, Axios puts the AI-linked share closer to 50%. The construction figures cover building costs, not servers, chips or other equipment. Even so, the picture is of an economy and market increasingly tied to AI. Is that concentration a sensible bet on a growing industry, or a risk markets are underpricing?
Discuss: Is the growing concentration of investment and market value in AI a sensible bet on a growing industry, or a risk markets are underpricing?
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