Reported 19 days ago
Nvidia and AMD stocks led a tech rally on Thursday, with Nvidia rising over 5% and AMD increasing nearly 7% after the Federal Reserve cut interest rates by 50 basis points. The tech-heavy Nasdaq experienced a 2.5% increase, reflecting investor confidence following Fed Chair Jerome Powell's optimistic assessment of the US economy. Despite recent challenges, Nvidia continues to thrive from the AI boom, seeing a remarkable 172% increase over the past year, while AMD shares are up approximately 55%. However, concerns loom regarding future restrictions following upcoming US presidential elections.
Source: YAHOO