
$NVIDIA(NVDA.US) Think differently, does the rising unemployment rate indicate that AI is already playing a role in helping companies save money?
In other words, if the unemployment rate is revised up by 70k, Nvidia might still go down (due to the expected 50 bp rate cut revision and pessimistic expectations about AI applications).
But AI just saving money isn't enough. Clearly, the market needs to see AI making money.
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