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Follow the Dollars: BEA Information Processing Equipment vs Software Investment (Nominal SAAR, $B)
Follow the Dollars: BEA Information Processing Equipment vs Software Investment (Nominal SAAR, $B)#
Equipment investment at $798B annualized, up 31.6%, is AI CapEx showing up directly in the GDP accounts.Draft, pending review
How to read this chart
Equipment investment includes imports, so it is more sensitive than factory orders. Software investment is $815B, up 9.2%. The slope of the equipment curve since 2023 is this CapEx cycle itself.
Source: US BEA and FRED public statistics; FinSight compilation · Updated 2026-09-04
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