Core GDP growth remains strong, though headline GDP growth is slow but steady, and GDP growth relies on AI-related investment spending. While core GDP is growing faster than GDP, the actual level is below the 2023/24 trend. Direct AI-related expenditures appear to be a wash in an accounting sense, except for Q2, given information equipment and software investment versus computer and semiconductor imports. The AI boom has also contributed to added wealth; Bigot and Espic (2026) argue that about half of 2025 consumption growth (2%) was attributable to the increase in wealth, based on differentiating wealth effects from high income vs. low income households. Real household net worth increased 5% in 2025. Assuming flat real household wealth in 2026, that would subtract about one percentage point of consumption growth, so around 2/3 of a percentage point of GDP growth. As long as equity markets stay buoyant, dependent in part on AI prospects, aggregate demand will remain strong.