The Fed has poured rocket fuel on the red-hot AI trade

Biztoc.com - 19 september 2024

The Fed has poured rocket fuel on the red-hot AI trade

AI stocks surged after the Federal Reserve's 50 basis point rate cut. The Nasdaq 100 jumped nearly 3% on Thursday, with Nvidia, Broadcom, and ASML shares rising about 5%. Analyst Dan Ives sees the Fed's move as a bullish signal for tech growth into 2025. The …

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