I don’t think its doing so much propping up because the spend is being thrown into a couple of piles. When companies hire some ai superstar for millions it isn’

I don’t think its doing so much propping up because the spend is being thrown into a couple of piles. When companies hire some ai superstar for millions it isn’t like much of that money is circulating in the wider economy like if you invested it into a diversified portfolio or hired a lot of lower wage people who spend a much higher share of their paycheck on stuff that keeps it circulating in local economies. Likewise if that spend is going to server racks or electricity. The money just doesn’t have a lot of avenues to spill out into different subsets of the economy. This is probably what is going on when we see McD executives say there are basically two economies in the US at the moment, one doing very well for itself and the other experiencing a lot of hardship.