According to @KobeissiLetter, software and technology investment added over 1 percentage point to US real GDP growth for the first time on record, and the contribution has doubled over recent quarters, source: @KobeissiLetter. The contribution now exceeds the 1998 Dot-Com peak, while the sector later became the biggest drag on GDP during the 2001 recession, source: @KobeissiLetter. Deutsche Bank estimates that without technology spending, the US economy would have been close to, or in, a recession, source: Deutsche Bank via @KobeissiLetter. The AI boom is identified as the primary driver of this growth, source: @KobeissiLetter. For trading, monitor the sustainability of tech-investment contribution and signs of AI capex deceleration given the 2001 precedent, source: @KobeissiLetter.