Nvidia stock surged 5.3% after the Federal Reserve's rate cut, driven by CEO's optimism for AI growth.

From Nasdaq: 2024-09-19 11:55:35

The Federal Reserve initiated an interest rate cutting cycle, leading to rising stocks. Nvidia shares surged by 5.3% post-Fed rate cut, driven by CEO Jensen Huang’s vision for AI industry growth. Huang sees an upcoming industrial revolution and enterprise AI era, positioning Nvidia for exponential growth in autonomous AI-powered agents.

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Howard Smith owns positions in Nvidia and Salesforce, with Motley Fool also endorsing the companies. Motley Fool maintains a disclosure policy. Expert opinions support the bullish outlook on Nvidia in the evolving AI industry, reflecting optimism for future growth and investment opportunities.



Read more at Nasdaq: Why Nvidia Stock Jumped After the Big Fed Rate Cut