U.S. nonfarm payrolls rose by 165,000 in October, while the market had only expected 65,000, and the unemployment rate even fell to 4.1%.
You’d think such strong jobs data would send stocks tumbling, but chip stocks rebounded right at the open. AMD jumped 11%, making up most of yesterday’s losses. Lisa Su said last night that concerns about AI spending were “short-sighted.” Nobody bought it then, but tonight some people seem to believe her, huh.
You’d think such strong jobs data would send stocks tumbling, but chip stocks rebounded right at the open. AMD jumped 11%, making up most of yesterday’s losses. Lisa Su said last night that concerns about AI spending were “short-sighted.” Nobody bought it then, but tonight some people seem to believe her, huh.