Fig. 2.

The AI boom has doubled computing infrastructure’s share of U.S. GDP

Share of nominal U.S. GDP, by category—2015 to 2026

AI-related compute hardware is the above-trend portion of total compute-hardware spending, so it is zero whenever the total falls below the 2015–2022 trend.

Source: Paul Kedrosky, Bureau of Economic Analysis via FRED, Census Bureau & SEC.