Nvidia Is Credit Personified While The Fed Is A Pointless Distraction

$50 billion flowed into U.S.-based AI and AI-adjacent companies in 2023. That investment surge occurred amid a 525 basis-point increase in the Fed funds rate, indicating strong investor appetite for AI risk assets despite substantial monetary tightening.

Analysis

$50 billion flowed into U.S.-based AI and AI-adjacent companies in 2023. That investment surge occurred amid a 525 basis-point increase in the Fed funds rate, indicating strong investor appetite for AI risk assets despite substantial monetary tightening.