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AI Capex Surpasses Consumer Spending Growth | NuggetsAI
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NuggetsAI.com
Markets & Policy
Release 14.216
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AI Capex Surpasses Consumer Spending Growth
AI-related investment contributed more to 2025 economic growth than all consumer spending growth combined
Consumption is more than three times larger than investment overall
Nvidia's valuation at $4.5 trillion vs combined $1 trillion valuation for OpenAI, xAI, and
Anthropic
Source: Noah Smith Blog · Noah Smith · August 12, 2025
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