AI Data Insight
In the third quarter of 2026, the annualized quarter-over-quarter growth rate of US private equipment and software investment reached 20.9%, significantly accelerating from the previous 15.2% and becoming the core engine driving overall GDP to beat expectations. Driven by the wave of AI server and data center construction, the subcategories of information processing equipment and software showed explosive growth. Looking ahead, although the momentum of AI capital expenditure is strong, attention must still be paid to the crowding-out effect of high interest rates on other non-tech physical investments and the drag of high imports on GDP.