
Neuberger Berman: AI Spending Shifts Investor Focus to ROIC
Recent analysis by Neuberger Berman suggests that investors are now focusing more on return on invested capital (ROIC) rather than just return on equity because AI spending raises the stakes for capital efficiency. Companies may need to make sure their AI investments are covered by free cash flow and meet higher standards before going ahead. Experts recommend breaking up AI spending into stages based on actual customer use and tracking clear metrics for adoption and financial impact. There also appears to be a continued reward for companies that keep strong balance sheets and return extra cash to shareholders if AI projects do not show clear benefits. These steps may help finance leaders balance the risks and opportunities of AI in a fast-changing market.













