‘Nvidia Effect’ Enables Israel to Upgrade Growth Forecasts
AI Summary
Israel's economic growth is expected to exceed earlier predictions, largely driven by the substantial revenue from Nvidia Corp., thanks to the global chipmaker's expansive R&D center in the country. Finance Ministry Chief Economist Shmuel Abramzon highlighted this in an interview, noting the significant impact of the "Nvidia Effect." This growth is a testament to Israel's growing reputation as a hub for technology and innovation, underscoring the nation's strategic importance in the global tech landscape.
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