WS #13640
US July jobs report showed a surprise contraction of 23,000 jobs, lowering September rate hike odds to ~44% and driving stocks to record highs. AI infrastructure boom questioned as 70% of AI revenue concentrated in OpenAI/Anthropic; Doximity surges on AI profitability, while SpaceX and others face capex concerns.
Weak July Jobs Report and Fed Rate Expectations
US July jobs report showed a surprise contraction of 23,000 jobs, lowering September rate hike odds to ~44% and driving stocks to record highs.
AI infrastructure boom questioned as 70% of AI revenue concentrated in OpenAI/Anthropic; Doximity surges on AI profitability, while SpaceX and others face capex concerns.