A huge chunk of U.S. GDP growth is being kept alive by AI spending ‘with no guaranteed return,’ Deutsche Bank says

We will get a new estimate of Q3 U.S. GDP growth today. The consensus among analysts is for a rise of 3.2% year-on-year. That’s pretty decent growth. No wonder then, that the S&P 500 ticked up another 0.88% yesterday, to come within half a percentage point of its all-time high, and futures this morning are marginally up too. Traders seem to be pretty happy about where the U.S. economy is going.

But some analysts are starting to worry about how much of that growth is concentrated in AI.