WS #13773
US nonfarm payrolls unexpectedly fell 23k in July, reducing Fed rate hike expectations and supporting equities and gold. NVIDIA is testing lower-memory Rubin Ultra GPU designs due to HBM shortage, potentially impacting margins, though Huang denies delays.
Weak US Jobs Data and Fed Rate Path
US nonfarm payrolls unexpectedly fell 23k in July, reducing Fed rate hike expectations and supporting equities and gold.
NVIDIA is testing lower-memory Rubin Ultra GPU designs due to HBM shortage, potentially impacting margins, though Huang denies delays.