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Nvidia has literally nothing to do with record low unemployment.
I'm pretty sure some guy who made it big on stocks now can afford to have his front deck renovated.
Or my electrician friend who’s making boatloads working crazy overtime building data centers.
If you replace “Nvidia” with the much broader “technology” then it is indeed the major reason the modern world economy is good.
Technology is definitionally a thing that improves productivity, so sure.