America’s Artificial Intelligence Manufacturing Boom
Orders for core business equipment surged 3.3 percent in March, the Commerce Department reported Wednesday, the largest monthly gain since the summer of 2020.
The engine behind the jump was unmistakable: orders for computers and electronic products climbed 3.7 percent to $29.6 billion, rising in 11 of the last 12 months. The artificial intelligence investment cycle is accelerating rather than slowing down. It hardly seems to have noticed the war in Iran or concerns about rising oil prices.
But the most important thing about the March durable goods report is not that businesses are spending…
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