Could AI Capital Expenditure Lead to a U.S. Economic Downturn? – TS Lombard’s Dario Perkins
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 01 2025
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Source: SeekingAlpha
Impact of AI Investments on the Economy: Dario Perkins, an economist, suggests that the U.S. economy may have entered a recession without the substantial AI investments from Big Tech, which have led to a significant increase in data center capital expenditures despite weak consumer spending and employment.
Misleading GDP Contributions: Perkins argues that while AI investments contribute to GDP growth, much of the capital equipment is imported, leading to a negative offset in other economic areas, and cautions against comparing the current AI boom to the housing bubble of the early 2000s, emphasizing the need to differentiate between genuine bubbles and long-term trends.
Analyst Views on ARTY
Wall Street analysts forecast ARTY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARTY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 51.360
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Current: 51.360
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
