The CNBC Investing Club with Jim Cramer discussed recent market developments. The S&P 500 experienced slight gains, partly due to declining bond yields following a weaker-than-expected private-sector jobs report. The ADP report indicated only 37,000 new jobs in May, the lowest in over two years. Jim Cramer suggested that if the government’s May nonfarm payrolls report is similarly weak, it might prompt the Federal Reserve to cut interest rates. Additionally, Amazon announced a $10 billion investment in AI data centers in North Carolina, which could benefit companies like Nvidia and Eaton. Meanwhile, OpenAI reported 3 million paying business users for ChatGPT, up from 2 million in February, signaling growing AI monetization. Lastly, CrowdStrike disclosed it is cooperating with government inquiries regarding revenue recognition and reporting.
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