Market Insight: The Long Wait for AI Returns
The AI boom is driving fantastic sales and profit forecasts. However, this is only the case for tech giants. The fact that the hype has so far hardly paid off for the real economy could become a problem for the rally.
Anthropic's recent stock prospectus shows a significant growth, with revenue increasing from $1.2 billion in Q1 to $16.3 billion in Q2 2026. However, according to a new analysis by Apollo's chief economist Torsten Slok, despite massive investments and hype around Artificial Intelligence, the technology has not brought any financial gain to US companies outside the tech sector.
Slok's analysis found that while tech giants, known as the "magical seven" (Apple, Microsoft, Alphabet, Amazon, Meta, Nvidia, and Tesla), have seen significant increases in revenue per employee and profit margins since 2023, the rest of the S&P 500 companies have not experienced similar growth. Slok warns that this could lead to a rethink on KI investments outside Silicon Valley.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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