U.S. GDP grew by 2.0% in the first quarter of 2026, with investments in software and IT equipment, particularly in AI, contributing 134 basis points, or 67% of the total growth. This marks the highest contribution on record, underscoring AI's pivotal role in driving economic expansion. The five-quarter moving average for these investments has surpassed the previous high set in 1999 by about 10 basis points, according to Bespoke Investment Group data.
AI Investments Drive 67% of U.S. Q1 GDP Growth to Record High
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