Nvidia CEO Jensen Huang stated that AI is an industrial-scale job creator rather than a threat to employment. Speaking at the Milken Institute event, Huang emphasized that AI will help re-industrialize the US by creating new factory jobs and supporting a growing AI industry. He argued that automation replaces tasks, not entire jobs, and warned against fearmongering that could hinder AI adoption. Despite concerns that AI might eliminate up to 15% of US jobs, Huang remains optimistic about its economic benefits and job creation potential.
The recent memorandum of understanding (MoU) between the U.S. and Iran has shifted market focus towards relief, particularly anticipating the reopening of the Strait of Hormuz. This development may reduce inflation worries for the Federal Reserve ahe...
Elon Musk gained $164.8 billion in a single day as SpaceX shares surged from $160.95 to $192.50 during its IPO, far outpacing gains from Tesla. Musk controls about 86% of SpaceX's voting power through a dual-class share structure. The company disclos...
Pacer Financial's new ETF, QDPL, delivers an 8.78% year-to-date return and a 5.04% dividend yield, which is over four times the yield of the popular Vanguard S&P 500 ETF (VOO). QDPL achieves this by combining S&P 500 exposure with dividend futures th...
The Vanguard Growth ETF (VUG) dropped 4.5% over five days, reflecting volatility in megacap tech stocks like NVIDIA and Apple, which make up nearly half its assets. The fund trails the S&P 500 year-to-date but has outperformed over five years. Key fa...
NVIDIA recently surpassed a $5 trillion market cap, driven by a 92% year-over-year revenue surge in its Data Center segment, notably a 199% jump in Networking. CEO Jensen Huang highlights the massive AI infrastructure expansion fueling this growth. D...
