Keep pulling the thread on Bloomberg Surveillance.
AI-related capital expenditure has driven between 35% and 45% of U.S. economic growth over the last several quarters.
The cloud businesses of Microsoft, Google, and Amazon are projected to see growth accelerate to 23% or more this year and continue into next year.
Private equity valuations are at a 15-year low relative to public market valuations.
The global energy market situation is guaranteed to continue deteriorating for at least the next two months.
Paul Sankey speculates that the recent attack on two Exxon-operated LNG trains in Qatar was directed by Iranian forces with the help of Russian intelligence.
China is over 90% dependent on the United States for its supply of ethane.
TSMC will likely face a helium supply shortage within two months due to petrochemical supply chain disruptions.
Japanese semiconductor manufacturers are facing a potential shortage of essential solvents due to disruptions in the naphtha supply chain.
The CBO estimates that the U.S. is undergoing late-cycle fiscal stimulus amounting to $400 to $450 billion per year for the next four years.
During the current earnings season, 88% of S&P 500 companies have beaten analyst expectations.
The average earnings surprise for S&P 500 companies reporting this season has been 10% above expectations.
Investment in AI capital expenditures has accounted for 35% to 45% of U.S. economic growth over the last several quarters.