This week’s economic data will be limited due to the federal government shutdown. The Fed lowered the Fed funds rate by 25 basis points in September, marking the first rate cut since December 2018. The minutes from the FOMC meeting will provide more insight into the decision-making process behind the rate cut.

NVIDIA CEO Jensen Huang spoke about the ongoing AI revolution, defending against accusations of an AI bubble. Real money is being invested in AI buildouts, differentiating this revolution from past tech bubbles. Despite concerns about NVIDIA’s market capitalization, the AI revolution is just beginning and is not comparable to past bubbles.

The stock market awaits Q3 earnings reports from Delta Air Lines, which will kick off the earnings season. Fed officials continue to make appearances, but the focus is on the September Fed minutes. Market indexes are showing positive signs, with potential for new all-time high closing levels. Expectations are high for a strong market performance.

The AI revolution has already created millionaires, but the biggest profits may come from lesser-known AI firms addressing significant global challenges. Investing in these “2nd Wave” AI stocks could lead to lucrative returns in the future. For more insights, check out Zacks Investment Research’s latest stock recommendations.

Read more at Nasdaq: Markets Gear Up for Q3 Earnings Season