AI spending boom pushes U.S. computer investment past dot-com peak

U.S. investment in computer equipment and data‑center infrastructure is surging as AI-driven capital spending shifts from narrative to measurable economic activity. Real private fixed investment in computers and peripheral equipment is now about $354 billion annualized, a level the article says has pushed spending past the dot‑com peak. That surge in capex underpins demand for semiconductors, servers, cloud and data‑center services and is supportive for equity markets—particularly technology exposure—helping to sustain gains in the US SP 500. The development signals durable corporate investment that could lift related sectors and broader market indices.