AI spending poised to match consumer contribution to GDP growth – Citi’s Rob Rowe

AI spending is projected to match private consumption's contribution to GDP growth by 2025, according to Citi's Rob Rowe. Despite a slowdown in U.S. economic growth, Rowe is optimistic about AI and capital expenditure, emphasizing current investments in infrastructure over software. He notes that tech companies are funding growth through cash flows rather than debt, distinguishing this cycle from the dot-com bubble. Rowe anticipates broader economic expansion beyond technology and communications sectors in the coming year, advising investors to diversify while maintaining a strong tech position in their portfolios.