Apple News Today Why the fate of the U.S. economy could depend on this company
25 snips
Nov 20, 2025 Greg Ip, chief economics commentator at the Wall Street Journal, dives into Nvidia's game-changing role in the U.S. economy, raising questions about AI's potential bubble. Jeremy Kohler from ProPublica discusses the Trump's administration's unconventional clemency practices, highlighting favoritism among presidential pardons. Hayes Gardner from Baltimore Banner shares gripping details of the Francis Scott Key Bridge collapse, shedding light on the stranded crew still stuck in the U.S. This discussion hints at larger implications in technology, politics, and infrastructure.
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NVIDIA As The AI Market Litmus Test
- NVIDIA's surge is a real-time test of Wall Street's AI-driven growth thesis.
- Greg Ip warns market valuations are highly concentrated and risk resembling past tech bubbles.
Valuations Versus Underlying Revenue
- Market prices show extreme concentration with some firms trading at hundreds of times earnings.
- Ip notes heavy data-center investment projections dwarf current revenue, raising bubble concerns.
AI Sparks Greater Public Unease Than The Internet
- Public sentiment toward AI is more negative than the early internet era, with many uncomfortable about its risks.
- Fear centers on job loss and misuse like deep fakes, making AI socially fraught despite economic hype.