Dell Technologies reported mixed Q3 earnings, missing revenue estimates due to a sluggish PC market but beating profit expectations on the back of surging AI server demand. With a record $2.9 billion in AI server shipments, Dell is capitalizing on competitor instability and cementing its role in the generative AI supply chain.
A 'jobless boom' grips the U.S. economy as AI drives productivity without jobs, alarming the Federal Reserve. Chair Powell warns of near-zero hiring amid growth, forcing policy recalibrations amid inequality risks.
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