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U.S. Corporate Profits Hit 12.2% of GDP in Q1, Highest Since Early 1950s

Stocks AI Industry News

2026-06-26 11:22:09

According to new data released Thursday, U.S. corporate profits reached 12.2% of gross domestic income in the first quarter, marking the highest share since the early 1950s. Barclays analysts attributed the surge to massive AI infrastructure investments, with JPMorgan estimating total AI capital expenditures will grow to $5.5 trillion through 2030. The AI spending wave also lifted market sentiment, as memory chip giant Micron Technology jumped nearly 16% Thursday after posting strong profits and guidance.

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