Those higher rates have begun to bite: Job growth has slowed, and inflation in the last couple of months has come down sharply, hitting 3.3% by the Fed’s preferred measure in July, down from 7% last summer.
CoreWeave reported strong earnings, easing investor concerns about spending on AI infrastructure and boosting stock prices. Both the S&P 500 and Nasdaq witnessed gains following
Michael Burry sees a near-term trading opportunity in Nvidia despite his broader concerns about AI valuations. The Big Short investor believes Jensen Huang’s personal controversy
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