📈💡【Financial News】💡📈

The stock market suffered a "bloodbath" last week, but don't worry, the AI ​​boom will lead the stock market higher! 📊

🔍 The unexpectedly weak July jobs report last Friday, coupled with a sharp deterioration in the U.S. Institute for Supply Management's manufacturing index, caused the stock market to plummet. The S&P 500 fell 2.5%, the Nasdaq fell 3.6%, and the Russell 2000 fell nearly 7%.

🔮 Diana Ivanel, senior market economist at Capital Economics, said the stock market will soon resume its rise. She believes that the U.S. economy will not hinder the stock market rebound for a long time, and the Federal Reserve is likely to cut interest rates at every meeting.

💸 Microsoft, Meta and Google spent a total of $40.5 billion on AI infrastructure in the second quarter, and these expenditures are expected to increase further and eventually flow to AI chip suppliers like Nvidia.

🗣️ Wall Street experts advise investors not to overreact to the weak employment data. Former Federal Reserve economist Claudia Sam pointed out that U.S. household income is still growing, and consumer spending and corporate investment remain resilient.

What do you think? Feel free to share your views in the comments section! 👇

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