{"id":296,"date":"2026-09-06T20:19:11","date_gmt":"2026-09-06T20:19:11","guid":{"rendered":"https:\/\/sungroupvinhhung.info.vn\/?p=296"},"modified":"2026-09-06T20:20:46","modified_gmt":"2026-09-06T20:20:46","slug":"bao-cao-viec-lam-bung-no-ham-nong-ky-vong-lai-suat-fed-maison-privee","status":"publish","type":"post","link":"https:\/\/sungroupvinhhung.info.vn\/index.php\/2026\/09\/06\/bao-cao-viec-lam-bung-no-ham-nong-ky-vong-lai-suat-fed-maison-privee\/","title":{"rendered":"B\u00e1o C\u00e1o Vi\u1ec7c L\u00e0m B\u00f9ng N\u1ed5 H\u00e2m N\u00f3ng K\u1ef3 V\u1ecdng L\u00e3i Su\u1ea5t Fed V\u00e0 Nh\u1eefng Bi\u1ebfn \u0110\u1ed9ng S\u00e2u S\u1eafc Tr\u00ean Nhi\u1ec1u L\u0129nh V\u1ef1c"},"content":{"rendered":"
\n <\/source>\"\u00e1o<\/picture>
\u00e1o C\u00e1o Vi\u1ec7c L\u00e0m B\u00f9ng N\u1ed5 H\u00e2m N\u00f3ng K\u1ef3 V\u1ecdng L\u00e3i Su\u1ea5t Fed V\u00e0 Nh\u1eefng Bi\u1ebfn \u0110\u1ed9ng S\u00e2u S\u1eafc Tr\u00ean Nhi\u1ec1u L\u0129nh V\u1ef1c<\/figcaption><\/figure>\n
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B\u00e1o c\u00e1o vi\u1ec7c l\u00e0m th\u00e1ng 8 b\u00f9ng n\u1ed5 \u0111\u00e3 gi\u00e1ng m\u1ed9t \u0111\u00f2n m\u1ea1nh v\u00e0o \u0111\u00e0 t\u0103ng \u0111i\u1ec3m c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh M\u1ef9 ngay tr\u01b0\u1edbc th\u1ec1m k\u1ef3 ngh\u1ec9 l\u1ec5 Lao \u0111\u1ed9ng (Labor Day) k\u00e9o d\u00e0i [1]. Trong b\u1ea3n tin t\u00e0i ch\u00ednh cu\u1ed1i ng\u00e0y \u201cThe Close\u201d c\u1ee7a Bloomberg Television, c\u00e1c chuy\u00ean gia h\u00e0ng \u0111\u1ea7u \u0111\u00e3 c\u00f9ng m\u1ed5 x\u1ebb nh\u1eefng s\u1ed1 li\u1ec7u lao \u0111\u1ed9ng b\u1ea5t ng\u1edd, ph\u00e2n t\u00edch t\u00e1c \u0111\u1ed9ng c\u1ee7a h\u1ea1 t\u1ea7ng tr\u00ed tu\u1ec7 nh\u00e2n t\u1ea1o (AI) l\u00ean l\u1ea1m ph\u00e1t, \u0111\u1ed3ng th\u1eddi \u0111i\u1ec3m qua nh\u1eefng chuy\u1ec3n \u0111\u1ed9ng quan tr\u1ecdng trong m\u00f9a b\u00e1o c\u00e1o t\u00e0i ch\u00ednh doanh nghi\u1ec7p, th\u1ecb tr\u01b0\u1eddng du l\u1ecbch l\u1ec5 h\u1ed9i v\u00e0 b\u00e0i to\u00e1n gi\u00e1 tr\u1ecb th\u1ef1c c\u1ee7a gi\u00e1o d\u1ee5c \u0111\u1ea1i h\u1ecdc <\/p>\n

\"b\u00e1o<\/figure>\n

Th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng M\u1ef9 trong th\u00e1ng 8 \u0111\u00e3 ghi nh\u1eadn nh\u1eefng s\u1ed1 li\u1ec7u b\u00f9ng n\u1ed5 v\u01b0\u1ee3t xa m\u1ecdi d\u1ef1 \u0111o\u00e1n tr\u01b0\u1edbc \u0111\u00f3.<\/p>\n

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  • S\u1ed1 li\u1ec7u th\u1ef1c t\u1ebf \u1ea5n t\u01b0\u1ee3ng:<\/strong>\u00a0N\u1ec1n kinh t\u1ebf M\u1ef9 \u0111\u00e3 b\u1ed5 sung th\u00eam\u00a0162.000 vi\u1ec7c l\u00e0m m\u1edbi<\/strong>\u00a0trong th\u00e1ng 8 [11]. Con s\u1ed1 n\u00e0y v\u01b0\u1ee3t xa d\u1ef1 b\u00e1o cao nh\u1ea5t trong cu\u1ed9c kh\u1ea3o s\u00e1t c\u1ee7a Bloomberg (ch\u1ec9 \u1edf m\u1ee9c 125.000) v\u00e0 g\u1ea5p t\u1edbi\u00a03 l\u1ea7n<\/strong>\u00a0so v\u1edbi m\u1ee9c \u01b0\u1edbc t\u00ednh \u0111\u1ed3ng thu\u1eadn (consensus estimate) c\u1ee7a c\u00e1c nh\u00e0 kinh t\u1ebf [17].<\/li>\n
  • T\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p \u1ed5n \u0111\u1ecbnh:<\/strong>\u00a0T\u1ef7 l\u1ec7 th\u1ea5t nghi\u1ec7p gi\u1eef nguy\u00ean \u1edf m\u1ee9c\u00a04,1%<\/strong>\u00a0[11]. Tuy nhi\u00ean, \u0111\u00e2y l\u00e0 m\u1ed9t t\u00edn hi\u1ec7u r\u1ea5t t\u00edch c\u1ef1c khi t\u1ef7 l\u1ec7 tham gia l\u1ef1c l\u01b0\u1ee3ng lao \u0111\u1ed9ng t\u0103ng l\u00ean m\u1ee9c cao nh\u1ea5t k\u1ec3 t\u1eeb th\u00e1ng 5 [12]. T\u1ef7 l\u1ec7 thi\u1ebfu vi\u1ec7c l\u00e0m (underemployment) c\u0169ng c\u1ea3i thi\u1ec7n \u0111\u00e1ng k\u1ec3 khi gi\u1ea3m t\u1eeb 7,9% xu\u1ed1ng 7,7% [12].<\/li>\n
  • M\u1eb7t tr\u00e1i c\u1ee7a b\u1ee9c tranh:<\/strong>\u00a0Th\u1eddi gian th\u1ea5t nghi\u1ec7p trung b\u00ecnh t\u0103ng th\u00eam m\u1ed9t tu\u1ea7n, v\u00e0 s\u1ed1 l\u01b0\u1ee3ng ng\u01b0\u1eddi th\u1ea5t nghi\u1ec7p d\u00e0i h\u1ea1n \u0111\u00e3 t\u0103ng l\u00ean m\u1ee9c 1,9 tri\u1ec7u ng\u01b0\u1eddi so v\u1edbi 1,8 tri\u1ec7u ng\u01b0\u1eddi c\u1ee7a th\u00e1ng tr\u01b0\u1edbc [12].<\/li>\n<\/ul>\n

    Nh\u1eadn \u0111\u1ecbnh chuy\u00ean gia:<\/strong>\u00a0B\u00e0\u00a0Diane Swank<\/strong>, Tr\u01b0\u1edfng b\u1ed9 ph\u00e2n Kinh t\u1ebf t\u1ea1i\u00a0KPMG<\/strong>, \u0111\u00e1nh gi\u00e1 th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i \u0111ang r\u01a1i v\u00e0o tr\u1ea1ng th\u00e1i \u201clow hire, low fire\u201d (tuy\u1ec3n d\u1ee5ng \u00edt, sa th\u1ea3i \u00edt) v\u1edbi m\u1ee9c \u0111\u1ed9 lu\u00e2n chuy\u1ec3n lao \u0111\u1ed9ng (churn) r\u1ea5t th\u1ea5p, khi\u1ebfn nh\u1eefng ng\u01b0\u1eddi m\u1edbi t\u1ed1t nghi\u1ec7p r\u1ea5t kh\u00f3 t\u00ecm vi\u1ec7c [13, 16]. B\u00e0 nh\u1ea5n m\u1ea1nh r\u1eb1ng m\u1ee9c th\u1ea5t nghi\u1ec7p 4,1% \u0111\u00e3 \u0111\u01b0\u1ee3c Fed coi l\u00e0 tr\u1ea1ng th\u00e1i \u201cto\u00e0n d\u1ee5ng nh\u00e2n d\u1ee5ng\u201d (full employment) [12, 13]. Th\u00eam v\u00e0o \u0111\u00f3, \u00e1p l\u1ef1c l\u1ea1m ph\u00e1t d\u1ecbch v\u1ee5 c\u1ee9ng \u0111\u1ea7u (sticky service sector inflation) xu\u1ea5t ph\u00e1t t\u1eeb t\u00ecnh tr\u1ea1ng thi\u1ebfu h\u1ee5t lao \u0111\u1ed9ng c\u1ee5c b\u1ed9 v\u00e0 s\u1ef1 gia t\u0103ng ti\u1ec1n l\u01b0\u01a1ng \u1edf c\u00e1c ng\u00e0nh d\u1ecbch v\u1ee5, y t\u1ebf \u0111ang l\u00e0 m\u1ed1i lo l\u1edbn cho c\u00e1c quan ch\u1ee9c c\u00f3 quan \u0111i\u1ec3m di\u1ec1u h\u00e2u (hawks) t\u1ea1i Fed [14]. B\u00e0 Swank v\u00ed l\u1ea1m ph\u00e1t nh\u01b0 c\u0103n b\u1ec7nh ung th\u01b0 v\u00e0 nh\u1ea5n m\u1ea1nh:\u00a0\u201cD\u00f9 vi\u1ec7c ch\u1eefa tr\u1ecb c\u00f3 th\u1ec3 r\u1ea5t \u0111au \u0111\u1edbn, nh\u01b0ng c\u00f3 m\u1ed9t ph\u01b0\u01a1ng thu\u1ed1c tri\u1ec7t \u0111\u1ec3 v\u1eabn t\u1ed1t h\u01a1n l\u00e0 \u0111\u1ec3 l\u1ea1m ph\u00e1t di c\u0103n\u201d<\/em>\u00a0[18].<\/p>\n

    Ph\u1ea3n \u1ee9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh:<\/strong>\u00a0Ngay sau khi b\u00e1o c\u00e1o \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1, t\u00e2m l\u00fd \u201ctin t\u1ed1t l\u00e0 tin x\u1ea5u\u201d (good news is bad news) l\u1eadp t\u1ee9c bao tr\u00f9m th\u1ecb tr\u01b0\u1eddng [1]. S\u1ee9c m\u1ea1nh c\u1ee7a th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng l\u00e0m d\u1ea5y l\u00ean m\u1ed1i lo ng\u1ea1i Fed s\u1ebd ti\u1ebfp t\u1ee5c th\u1eaft ch\u1eb7t ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 [1, 3]:<\/p>\n

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    • Th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu s\u1ee5t gi\u1ea3m:<\/strong>\u00a0Ch\u1ec9 s\u1ed1 S&P 500 gi\u1ea3m 0,4%, Dow Jones gi\u1ea3m 0,5%, v\u00e0 Nasdaq Composite gi\u1ea3m 0,3% [46, 56]. Ng\u01b0\u1ee3c l\u1ea1i, ch\u1ec9 s\u1ed1 v\u1ed1n h\u00f3a nh\u1ecf Russell 2000 l\u1ea1i l\u1ed9i ng\u01b0\u1ee3c d\u00f2ng t\u0103ng 0,25% [46].<\/li>\n
    • L\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu t\u0103ng v\u1ecdt:<\/strong>\u00a0L\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 M\u1ef9 k\u1ef3 h\u1ea1n 2 n\u0103m (nh\u1ea1y c\u1ea3m nh\u1ea5t v\u1edbi ch\u00ednh s\u00e1ch c\u1ee7a Fed) t\u0103ng l\u00ean m\u1ee9c 4,37%, c\u00f3 th\u1eddi \u0111i\u1ec3m ch\u1ea1m s\u00e1t 4,42% [1, 37, 53]. K\u1ef3 h\u1ea1n 30 n\u0103m dao \u0111\u1ed9ng \u1edf m\u1ee9c 5,25% \u2013 gi\u1eef v\u1eefng g\u1ea7n m\u1ed1c cao nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 2007 [53]. L\u1ee3i su\u1ea5t k\u1ef3 h\u1ea1n 10 n\u0103m \u0111\u00f3ng c\u1eeda \u1edf m\u1ee9c 4,78% [42].<\/li>\n
    • K\u1ef3 v\u1ecdng l\u00e3i su\u1ea5t thay \u0111\u1ed5i:<\/strong>\u00a0Kh\u1ea3 n\u0103ng Fed t\u0103ng l\u00e3i su\u1ea5t ngay trong th\u00e1ng 9 \u0111\u00e3 v\u1ecdt l\u00ean m\u1ee9c\u00a060%<\/strong>, v\u00e0 t\u1ef7 l\u1ec7 \u0111\u1eb7t c\u01b0\u1ee3c cho m\u1ed9t \u0111\u1ee3t t\u0103ng l\u00e3i su\u1ea5t v\u00e0o th\u00e1ng 12 l\u00e0\u00a053%<\/strong>\u00a0[3].<\/li>\n<\/ul>\n

      Tr\u00e1i ng\u01b0\u1ee3c v\u1edbi suy ngh\u0129 th\u00f4ng th\u01b0\u1eddng r\u1eb1ng tr\u00ed tu\u1ec7 nh\u00e2n t\u1ea1o (AI) s\u1ebd gi\u00fap t\u1ed1i \u01b0u h\u00f3a quy tr\u00ecnh, t\u0103ng hi\u1ec7u su\u1ea5t v\u00e0 t\u1ea1o ra xu h\u01b0\u1edbng gi\u1ea3m ph\u00e1t (deflationary), c\u00e1c chuy\u00ean gia t\u00e0i ch\u00ednh trong ch\u01b0\u01a1ng tr\u00ecnh \u0111\u00e3 ch\u1ec9 ra m\u1ed9t kh\u00eda c\u1ea1nh ho\u00e0n to\u00e0n ng\u01b0\u1ee3c l\u1ea1i [36].<\/p>\n

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      • Xung l\u1ef1c l\u1ea1m ph\u00e1t t\u1eeb x\u00e2y d\u1ef1ng h\u1ea1 t\u1ea7ng:<\/strong>\u00a0B\u00e0\u00a0Julie Beiel<\/strong>\u00a0(Portfolio Manager t\u1ea1i Kane Anderson RDN) v\u00e0 b\u00e0\u00a0Ayako Yoshioka<\/strong>\u00a0(Chi\u1ebfn l\u01b0\u1ee3c gia \u0111\u1ea7u t\u01b0 c\u1ea5p cao t\u1ea1i Wealth Enhancement Group) nh\u1eadn \u0111\u1ecbnh r\u1eb1ng l\u00e0n s\u00f3ng AI hi\u1ec7n t\u1ea1i \u0111\u00f2i h\u1ecfi m\u1ed9t qu\u00e1 tr\u00ecnh x\u00e2y d\u1ef1ng h\u1ea1 t\u1ea7ng v\u1eadt l\u00fd v\u00f4 c\u00f9ng kh\u1ed5ng l\u1ed3 [4, 10, 38]. L\u1ef1c \u0111\u1ea9y l\u1ea1m ph\u00e1t v\u1eadt l\u00fd n\u00e0y \u0111\u1ebfn t\u1eeb vi\u1ec7c ti\u00eau t\u1ed1n d\u00f2ng v\u1ed1n c\u1ef1c l\u1edbn v\u00e0o ch\u1ea5t b\u00e1n d\u1eabn, trung t\u00e2m d\u1eef li\u1ec7u, ngu\u1ed3n n\u0103ng l\u01b0\u1ee3ng v\u00e0 c\u00e1c th\u00e0nh ph\u1ea7n c\u00f4ng nghi\u1ec7p ph\u1ee5 tr\u1ee3 [38]. \u0110i\u1ec1u n\u00e0y t\u01b0\u01a1ng t\u1ef1 nh\u01b0 l\u00e0n s\u00f3ng x\u00e2y d\u1ef1ng c\u00e1p quang internet nh\u1eefng n\u0103m 1990 nh\u01b0ng \u1edf m\u1ed9t quy m\u00f4 r\u1ed9ng l\u1edbn v\u00e0 t\u1ed1n k\u00e9m h\u01a1n r\u1ea5t nhi\u1ec1u [38].<\/li>\n
      • Thay \u0111\u1ed5i c\u01a1 c\u1ea5u t\u00e0i tr\u1ee3 v\u1ed1n c\u1ee7a Big Tech:<\/strong>\u00a0Thay v\u00ec ch\u1ec9 v\u1eadn h\u00e0nh b\u1eb1ng d\u00f2ng ti\u1ec1n ho\u1ea1t \u0111\u1ed9ng (operating cash flow) nh\u01b0 tr\u01b0\u1edbc \u0111\u00e2y, c\u00e1c t\u1eadp \u0111o\u00e0n c\u00f4ng ngh\u1ec7 l\u1edbn (hyperscalers) \u0111ang ph\u1ea3i huy \u0111\u1ed9ng v\u1ed1n m\u1ea1nh m\u1ebd th\u00f4ng qua c\u1ea3 th\u1ecb tr\u01b0\u1eddng n\u1ee3 (tr\u00e1i phi\u1ebfu) v\u00e0 ph\u00e1t h\u00e0nh th\u00eam c\u1ed5 phi\u1ebfu [39, 42]. D\u1ef1 ki\u1ebfn, l\u01b0\u1ee3ng ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu doanh nghi\u1ec7p c\u00f4ng ngh\u1ec7 h\u1ea1ng \u0111\u1ea7u t\u01b0 (IG tech debt) s\u1ebd chi\u1ebfm kho\u1ea3ng 8% t\u1ed5ng l\u01b0\u1ee3ng ph\u00e1t h\u00e0nh m\u1edbi trong n\u0103m nay v\u00e0 n\u0103m t\u1edbi, t\u1ea1o ra s\u1ef1 c\u1ea1nh tranh tr\u1ef1c ti\u1ebfp v\u1ec1 v\u1ed1n \u0111\u1ed1i v\u1edbi c\u00e1c c\u00f4ng c\u1ee5 phi r\u1ee7i ro nh\u01b0 tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 M\u1ef9 [40, 41].<\/li>\n<\/ul>\n

        B\u1ea3n tin ghi nh\u1eadn h\u00e0ng lo\u1ea1t bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh m\u1ebd c\u1ee7a c\u00e1c c\u1ed5 phi\u1ebfu l\u1edbn sau c\u00e1c c\u00f4ng b\u1ed1 quan tr\u1ecdng:<\/p>\n

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        • Lululemon (LULU) \u2013 C\u00fa r\u01a1i l\u1ecbch s\u1eed \u0111\u00e1y 8 n\u0103m:<\/strong>\u00a0C\u1ed5 phi\u1ebfu c\u1ee7a g\u00e3 kh\u1ed5ng l\u1ed3 \u0111\u1ed3 th\u1ec3 thao s\u1ee5t gi\u1ea3m nghi\u00eam tr\u1ecdng t\u1eeb\u00a017,5% \u0111\u1ebfn 18%<\/strong>\u00a0sau khi c\u00f4ng ty c\u1eaft gi\u1ea3m d\u1ef1 b\u00e1o k\u1ebft qu\u1ea3 kinh doanh c\u1ea3 n\u0103m l\u1ea7n th\u1ee9 hai li\u00ean ti\u1ebfp [2, 3, 58]. Doanh nghi\u1ec7p \u0111ang ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng th\u00e1ch th\u1ee9c n\u1ed9i t\u1ea1i r\u1ea5t l\u1edbn li\u00ean quan \u0111\u1ebfn ch\u1ea5t l\u01b0\u1ee3ng s\u1ea3n ph\u1ea9m (b\u00ea b\u1ed1i qu\u1ea7n legging b\u1ecb xuy\u00ean th\u1ea5u) khi\u1ebfn ng\u01b0\u1eddi ti\u00eau d\u00f9ng m\u1ea5t l\u00f2ng tin [50]. Morgan Stanley \u0111\u00e3 h\u1ea1 gi\u00e1 m\u1ee5c ti\u00eau c\u1ee7a LULU xu\u1ed1ng c\u00f2n $83 v\u1edbi x\u1ebfp h\u1ea1ng d\u01b0\u1edbi t\u1ef7 tr\u1ecdng (underweight) [19]. T\u1ea5t c\u1ea3 \u00e1p l\u1ef1c n\u00e0y \u0111ang \u0111\u00e8 n\u1eb7ng l\u00ean vai t\u00e2n CEO Heidi O\u2019Neal khi b\u00e0 ch\u00ednh th\u1ee9c ti\u1ebfp qu\u1ea3n v\u00e0o tu\u1ea7n t\u1edbi [49, 58].<\/li>\n
        • Zscaler (ZS) \u2013 Th\u00e1ch th\u1ee9c t\u1eeb k\u1ef3 v\u1ecdng c\u1ee7a ph\u1ed1 Wall:<\/strong>\u00a0M\u1eb7c d\u00f9 b\u00e1o c\u00e1o doanh thu v\u00e0 l\u1ee3i nhu\u1eadn qu\u00fd 4 v\u01b0\u1ee3t \u01b0\u1edbc t\u00ednh, c\u1ed5 phi\u1ebfu Zscaler v\u1eabn s\u1ee5t gi\u1ea3m h\u01a1n 6% [24]. Nguy\u00ean nh\u00e2n ch\u1ee7 y\u1ebfu \u0111\u1ebfn t\u1eeb d\u1ef1 b\u00e1o t\u0103ng tr\u01b0\u1edfng doanh thu n\u0103m t\u1edbi ch\u1ec9 \u0111\u1ea1t 16-17%, b\u1ecb gi\u1edbi ph\u00e2n t\u00edch \u0111\u00e1nh gi\u00e1 l\u00e0 qu\u00e1 th\u1eadn tr\u1ecdng so v\u1edbi m\u1ee9c t\u0103ng tr\u01b0\u1edfng doanh thu \u0111\u1ecbnh k\u1ef3 h\u00e0ng n\u0103m (ARR) \u0111\u1ea1t 25% v\u1eeba qua [29]. CEO Jay Chaudhry nh\u1ea5n m\u1ea1nh b\u1ea3o m\u1eadt AI l\u00e0 \u0111\u1ed9ng l\u1ef1c t\u0103ng tr\u01b0\u1edfng l\u1edbn nh\u1ea5t l\u1ecbch s\u1eed c\u00f4ng ty khi h\u01a1n 90% t\u1ed5 ch\u1ee9c \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 c\u00f3 t\u00e0i s\u1ea3n AI l\u1ed9 tr\u00ean internet v\u00e0 1\/3 trong s\u1ed1 \u0111\u00f3 c\u00f3 l\u1ed7 h\u1ed5ng d\u1ec5 b\u1ecb khai th\u00e1c [24, 26, 27]. C\u00f4ng ty \u0111ang ti\u1ebfn h\u00e0nh t\u00e1i c\u01a1 c\u1ea5u v\u00e0 ph\u00e2n b\u1ed5 l\u1ea1i 3% nh\u00e2n s\u1ef1 \u0111\u1ec3 t\u1eadp trung ngu\u1ed3n l\u1ef1c v\u00e0o c\u00e1c gi\u1ea3i ph\u00e1p t\u0103ng tr\u01b0\u1edfng tr\u1ecdng \u0111i\u1ec3m AI [28].<\/li>\n
        • Tesla (TSLA) \u2013 N\u1ed7i th\u1ea5t v\u1ecdng Cybercab:<\/strong>\u00a0C\u1ed5 phi\u1ebfu Tesla gi\u1ea3m g\u1ea7n 6% sau s\u1ef1 ki\u1ec7n ra m\u1eaft Cybercab di\u1ec5n ra tr\u1ea7m l\u1eafng v\u00e0 thi\u1ebfu \u0111i c\u00e1c th\u00f4ng tin chi ti\u1ebft \u0111\u00e1ng gi\u00e1 m\u00e0 Wall Street mong \u0111\u1ee3i [2, 57]. \u0110\u1ed3ng th\u1eddi, c\u00e1c c\u01a1 quan qu\u1ea3n l\u00fd c\u0169ng \u0111ang m\u1edf cu\u1ed9c \u0111i\u1ec1u tra li\u00ean quan \u0111\u1ebfn d\u1eef li\u1ec7u t\u1ef1 l\u00e1i m\u00e0 h\u00e3ng d\u00f9ng \u0111\u1ec3 t\u1ef1 ch\u1ee9ng nh\u1eadn ph\u01b0\u01a1ng ti\u1ec7n [2, 57].<\/li>\n
        • Robin Hood & AMC \u2013 Tranh ch\u1ea5p token h\u00f3a c\u1ed5 phi\u1ebfu:<\/strong>\u00a0C\u1ed5 phi\u1ebfu Robin Hood gi\u1ea3m nh\u1eb9 sau khi b\u1ecb CEO AMC, \u00f4ng Adam Aron, ch\u1ec9 tr\u00edch d\u1eef d\u1ed9i v\u00ec t\u1ef1 \u00fd tung ra phi\u00ean b\u1ea3n token h\u00f3a c\u1ed5 phi\u1ebfu AMC giao d\u1ecbch tr\u00ean blockchain c\u1ee7a h\u00e3ng m\u00e0 kh\u00f4ng c\u00f3 s\u1ef1 \u0111\u1ed3ng \u00fd c\u1ee7a AMC [2, 53, 57]. Aron g\u1ecdi s\u1ea3n ph\u1ea9m n\u00e0y l\u00e0 \u201c\u0111\u00e1ng khinh b\u1ec9 v\u00e0 x\u00fac ph\u1ea1m\u201d [2, 53, 57].<\/li>\n
        • Fair Isaac (FICO):<\/strong>\u00a0C\u1ed5 phi\u1ebfu b\u1ed1c h\u01a1i h\u01a1n 15% sau khi Gi\u00e1m \u0111\u1ed1c C\u01a1 quan T\u00e0i ch\u00ednh Nh\u00e0 \u1edf Li\u00ean bang t\u00e1i kh\u1eb3ng \u0111\u1ecbnh nh\u1eefng ch\u1ec9 tr\u00edch gay g\u1eaft v\u1ec1 m\u1ee9c chi ph\u00ed qu\u00e1 cao c\u1ee7a \u0111i\u1ec3m t\u00edn d\u1ee5ng ti\u00eau d\u00f9ng [2, 57, 58].<\/li>\n
        • Ng\u00e0nh H\u00e0ng kh\u00f4ng \u2013 \u00c1p l\u1ef1c gi\u00e1 nhi\u00ean li\u1ec7u d\u00e0i h\u1ea1n:<\/strong>\u00a0C\u1ed5 phi\u1ebfu h\u00e0ng kh\u00f4ng ghi nh\u1eadn \u0111\u00e0 t\u0103ng nh\u1eb9 tr\u01b0\u1edbc k\u1ef3 ngh\u1ec9 l\u1ec5 nh\u1edd gi\u00e1 d\u1ea7u gi\u1ea3m ng\u1eafn h\u1ea1n [32]. Tuy nhi\u00ean, theo \u00f4ng George Ferguson (Bloomberg Intelligence), gi\u00e1 nhi\u00ean li\u1ec7u m\u00e1y bay neo cao (g\u1ea7n m\u1ee9c \u0111\u1ec9nh $4,50 \u2013 $5,00\/gallon) v\u1eabn l\u00e0 r\u00e0o c\u1ea3n r\u1ea5t l\u1edbn cho bi\u00ean l\u1ee3i nhu\u1eadn c\u1ee7a c\u00e1c h\u00e3ng khi b\u01b0\u1edbc v\u00e0o m\u00f9a thu v\u00e0 m\u00f9a \u0111\u00f4ng [32, 33]. Delta Air Lines \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 cao nh\u1ea5t nh\u1edd s\u1edf h\u1eefu n\u0103ng l\u1ef1c \u0111\u1ecbnh gi\u00e1 m\u1ea1nh m\u1ebd t\u1eadp trung v\u00e0o ph\u00e2n kh\u00fac kh\u00e1ch h\u00e0ng cao c\u1ea5p, theo sau l\u00e0 United v\u00e0 American, trong khi c\u00e1c h\u00e3ng gi\u00e1 r\u1ebb (LCC) nh\u01b0 JetBlue g\u1eb7p kh\u00f3 kh\u0103n h\u01a1n h\u1eb3n [34].<\/li>\n
        • Previews Adobe & Oracle tu\u1ea7n t\u1edbi:<\/strong>\n
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          • Adobe<\/strong>\u00a0b\u1ed5 nhi\u1ec7m CEO n\u1ed9i b\u1ed9 m\u1edbi Anil Chakravarthy (hi\u1ec7u l\u1ef1c t\u1eeb ng\u00e0y 1\/12) g\u00e2y th\u1ea5t v\u1ecdng cho gi\u1edbi \u0111\u1ea7u t\u01b0 (v\u1ed1n k\u1ef3 v\u1ecdng \u00f4ng Dave Wadhwani n\u0103ng \u0111\u1ed9ng h\u01a1n), khi\u1ebfn c\u1ed5 phi\u1ebfu gi\u1ea3m 6% [20, 21].<\/li>\n
          • Oracle<\/strong>\u00a0\u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng lo ng\u1ea1i v\u1ec1 kho\u1ea3n n\u1ee3 kh\u1ed5ng l\u1ed3 130 t\u1ef7 USD (so v\u1edbi 30 t\u1ef7 USD ti\u1ec1n m\u1eb7t v\u00e0 30 t\u1ef7 USD d\u00f2ng ti\u1ec1n) v\u00e0 bi\u00ean l\u1ee3i nhu\u1eadn th\u1ea5p h\u01a1n khi Larry Ellison quy\u1ebft li\u1ec7t chuy\u1ec3n d\u1ecbch m\u00f4 h\u00ecnh kinh doanh sang h\u1ea1 t\u1ea7ng AI [22, 23].<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

            Ng\u01b0\u1eddi d\u00e2n M\u1ef9 \u0111\u1ed1i m\u1eb7t v\u1edbi m\u1ed9t k\u1ef3 ngh\u1ec9 l\u1ec5 Lao \u0111\u1ed9ng v\u00f4 c\u00f9ng \u0111\u1eaft \u0111\u1ecf theo d\u1eef li\u1ec7u m\u1edbi nh\u1ea5t t\u1eeb AAA [58]:<\/p>\n

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            • Chi ph\u00ed \u0111\u1ed3ng lo\u1ea1t t\u0103ng:<\/strong>\u00a0Gi\u00e1 v\u00e9 m\u00e1y bay n\u1ed9i \u0111\u1ecba t\u0103ng trung b\u00ecnh 2% so v\u1edbi n\u0103m ngo\u00e1i, trong khi s\u1ed1 l\u01b0\u1ee3ng \u0111\u1eb7t ph\u00f2ng kh\u00e1ch s\u1ea1n t\u0103ng t\u1edbi 9% [58]. \u0110\u1ed1i v\u1edbi nh\u1eefng ng\u01b0\u1eddi ch\u1ecdn di chuy\u1ec3n b\u1eb1ng \u0111\u01b0\u1eddng b\u1ed9, gi\u00e1 x\u0103ng \u0111\u00e3 \u0111\u1ea1t m\u1ee9c cao k\u1ef7 l\u1ee5c l\u1ecbch s\u1eed \u0111\u1ed1i v\u1edbi th\u00e1ng 9, \u0111i k\u00e8m gi\u00e1 d\u1ea7u diesel c\u0169ng ch\u1ea1m m\u1ee9c cao nh\u1ea5t [58, 60].<\/li>\n
            • V\u00e9 m\u00e1y bay qu\u1ed1c t\u1ebf \u0111\u1eaft \u0111\u1ecf:<\/strong>\u00a0Gi\u00e1 v\u00e9 m\u00e1y bay qu\u1ed1c t\u1ebf t\u0103ng 12% so v\u1edbi k\u1ef3 ngh\u1ec9 n\u0103m ngo\u00e1i [60]. T\u00ednh chung, gi\u00e1 v\u00e9 m\u00e1y bay \u0111\u00e3 t\u0103ng v\u1ecdt t\u1edbi 27% k\u1ec3 t\u1eeb n\u0103m tr\u01b0\u1edbc n\u1eefa [60].<\/li>\n<\/ul>\n

              L\u1eddi khuy\u00ean t\u1eeb Becky Blaine (Senior Newsletter Editor t\u1ea1i The Points Guy):<\/strong><\/p>\n