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Walter Bloomberg, financial news account at X (Twitter) Account, reports that U.S. business investment is experiencing significant growth driven by a surge in AI spending.
According to Bloomberg, U.S. core capital goods orders increased by 3.3% in March, which is the largest monthly gain since 2020. This followed a revised 1.6% rise in February, indicating robust activity in business investment. Additionally, overall durable goods orders climbed 0.8%, with particular strength seen in communications equipment.
Walter Bloomberg has previously tracked premarket movements where the tech sector led gains across major U.S. indexes, with Intel shares rallying strongly (Tech sector leads U.S. premarket higher). He has also noted declines in shares of NVIDIA, Microsoft, and AMD following news that OpenAI missed revenue and user targets (NVIDIA and AMD shares drop on OpenAI report). These observations reflect ongoing investor sensitivity to developments in technology and AI-related companies.