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AI hardware spending outpaces software at 31 percent growth, Ryan Detrick notes
Ryan Detrick, chief market strategist at Carson Group, reports that AI hardware spending has grown at an annualized rate of 31 percent over the past five quarters, while software spending has increased 15 percent.
He indicates both rates are significantly above their longer-term trends.
Detrick has previously highlighted the turnaround in tech stocks, noting that persistence in overweight positions has paid off as AI enthusiasm grows. He has also observed that the S&P 500 has risen during most recent May, June, and July periods. These findings reflect his recent focus on sector trends and seasonal performance.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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