The AI industry continues to expand at a pace that has raised expectations for its long-term economic impact. Of the 13 companies on Wall Street valued at more than $1 trillion, 11 have significant exposure to the AI boom. SpaceX joined that group when it went public this summer, reflecting investors' willingness to assign substantial valuations to companies positioned to benefit from the technology's growth. The industry's influence also extends well beyond companies developing AI models and software. Rising demand for computing power is driving investment in advanced semiconductors, data centers, energy infrastructure, and construction.
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