CoinOtag
2025-11-19 22:22:14

California’s Nvidia-Driven AI Stock Gains Yield $11B Tax Boost Amid Deficit Risks

California collected an extra $11 billion in tax revenue due to a surge in AI-linked tech stocks boosting capital gains for wealthy residents, exceeding forecasts significantly. AI-driven stock gains from companies like Nvidia propelled the windfall, lifting general-fund revenue above estimates. The boost arrives amid weak job growth and stagnant consumer spending in the state.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.