January 8, 2026, 11:22 PM EST. 68% of executives plan to spend even more on AI this year, a Teneo survey shows. Yet most current AI projects aren't profitable, underscoring a drive to signal growth to investors. The pace raises concerns of a bubble as large tech firms' deals create a circular cash flow that could spread a slowdown. Still, the report suggests a slowdown is not imminent, leaving AI stocks with room to rise. Nvidia, a leader in AI chips, benefits from the spending rally and tops the list of valuable firms, with a market cap near $4.6 trillion. Its forward P/E sits around 25, above the S&P 500 average, implying investors already price in continued AI demand.
