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U.S. GDP Growth Sparks Debt Concerns as NVIDIA Stock Slides - Kitco News
Jeremy Szafron, Anchor at Kitco News, breaks down the market reaction to NVIDIA's latest earnings report, where the tech titan’s sales forecast missed investor expectations, causing a steep decline in its stock price. Szafron also analyzes the unexpected revision of U.S. GDP growth to 3%, driven by increased government spending. While the economic growth sounds promising, it raises red flags about the soaring national debt, now sitting at $32 trillion, along with ongoing inflationary pressures. This deep dive explores the implications for investors and the broader economy.
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#NVIDIA #EarningsReport #GDP #Inflation #Debt #USEconomy #TechStocks #StockMarket #Investing #Finance #FinanceNews #BreakingNews #MarketUpdate #Investing2024 #TechNews #Finance2024 #AI #Technology #Economics #Growth #StocksToWatch #KitcoNews #JeremySzafron #kitco
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