Financial Conditions and Capital Expenditures

Financial Conditions and Capital Expenditures Easier financial conditions don’t boost capex, amid the current uncertainty over tariffs and the slowdown in global economies. Image: Goldman Sachs Global Investment Research

Capital Expenditure by Magnificent Seven Companies vs. Share Price Index

Capital Expenditure by Magnificent Seven Companies vs. Share Price Index Major U.S. tech companies are maintaining their focus on AI infrastructure investment, even as DeepSeek’s breakthroughs raise questions about spending sustainability. Image: Goldman Sachs Global Investment Research

Magnificent Seven Stocks vs. S&P 500 Index

Magnificent Seven Stocks vs. S&P 500 Index Since DeepSeek’s emergence in January 2025, the Magnificent Seven stocks have underperformed compared to the S&P 500, driven by AI disruption fears and concerns over capital expenditures. Image: Deutsche Bank