AI caution, higher US spending and Aussie capex wanes
Friday 30th August 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABTwo surprises from the US. First, a 100 percent growth from NVIDIA wasn’t enough for investors, who obviously expected more. So, even though their results were considered a beat, their share price is still well down. The other surprise was the sharp upward revision in US spending. Personal spending was revised up from 2.3% to 2.9%. NAB’s Rodrigo Catril picks through the numbers. And should we be worried about the fall in Australian Capex spending yesterday? It’s a busy day ahead…
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