Apollo says AI has delivered 'zero financial payoff' to corporate America

Impact · against what's priced in

The Apollo report provides a structural headwind for AI hardware and software providers by suggesting that AI is a cost center for non-tech companies rather than a driver of productivity. This challenges the assumption that massive capital commitments from the broader S&P 500 will eventually accelerate revenue growth beyond current decelerating expectations.

NVDA−0.30

Challenges what's priced in

The price assumes