Macro Minutes: Will AI Spending Generate ROI?

In this 5-minutes video, Fisher Investments Securities Research Analyst Hisham Dewan discusses global artificial intelligence (AI) spending across key industries, along with the scale and timing for return on investment.

Key Points

• Although global AI spending will likely exceed $400 billion this year, it has neither the scale and nor the surprise power to drive a global bear market.
• Cloud service providers and corporations across non-tech industries can generate high return on investment from AI spending, within a reasonable time horizon.
• Despite concerns in the market, we expect that the software industry will maintain modest AI-oriented capital expenditure and does not face material risk of overinvestment.