Information processing equipment now draws more US investment than housing, at $752 billion in the second quarter against $748 billion, according to Bureau of Economic Analysis figures. Housing has fallen 18% from its early 2021 peak while equipment spending rose 51% over the same stretch, a split Adam Shapiro, a vice president at the San Francisco Fed, pointed out on LinkedIn. Housing tracks borrowing costs, with the 30-year mortgage near 7%, while AI buyers have kept spending regardless of rates. S&P Global expects capital spending at Alphabet, Amazon, Microsoft, Meta, Oracle and SpaceX to pass $1.3 trillion in 2027, up from a projected $870 billion this year, and warns the build-out is outrunning revenue.
