Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Federal Reserve Bank of San Francisco Vice President Adam Shapiro has highlighted a shift in U.S. investment, saying spending is moving away from residential investment and toward computers as the AI investment boom accelerates. In a Friday LinkedIn post, Shapiro wrote, "We're seeing a pivotal shift in the US economy: investment is shifting away from residential investment and towards computers." He pointed out that inflation-adjusted spending on information-processing equipment, which includes data centers and computer hardware, now exceeds residential investment. Don't Miss: Think Your 'Safe' Stocks Protect You?
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