As US chip darlings struggle, some bet on software as next big AI play
Chip stocks were the biggest beneficiaries of last year’s artificial intelligence investment craze, but they have stumbled so far this year.
Chip stocks were the biggest beneficiaries of last year’s artificial intelligence investment craze, but they have stumbled so far this year.
Retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars.
U.S. job growth slowed more than expected in July, with the unemployment rate increasing 4.3%, leading to fears that the labor market is faltering and the economy is heading for a possible recession.
U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.
U.S. employers hired more workers than expected in December while raising wages at a solid clip.
The U.S. economy grew faster than initially thought in the third quarter, but momentum appears to have since waned.