Business Rundown: Are We Witnessing an AI Boom or ... Bubble?
Description
$57 billion. That's the amount of revenue tech giant NVIDIA reported in the third quarter.
At first, the news was welcomed by investors who had been leery about the evaluation of artificial intelligence and whether the AI boom was actually a bubble. However, the gains from the chip maker's record-breaking revenue were soon lost, as they proved insufficient to ease worried minds.
Also this week, the delayed September jobs report surprised with better-than-expected job growth.
But what will that mean for the Federal Reserve when they meet next month as they weigh the decision to cut interest rates for a third straight time?
Lou Basenese, the Executive Vice President of Market Strategy at Prairie Operating Co., joins FOX Business' Gerri Willis to discuss the AI trend, jobs, and what the Fed may do more. Plus, he offers some tips on how to manage this market.
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