Nvidia, chip stocks rise on Fed's rate cut

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Nvidia,Seana Smith,Brad Smith

The Federal Reserve's decision to cut its benchmark interest rate by 50 basis points is giving chip stocks, including Nvidia (NVDA), Broadcom (AVGO), and AMD...

Let's talk a little bit about NVIDIA here this morning, NVIDIA rising along with a number of chip stocks including Broadcom.This is part of a larger rally off of the fed's 50 basis point rate cut.

I've been looking through a couple of notes over the course of this week that still continues to be one of the plays that investors and uh investment strategists are leaning into as of right now.And we actually had I I was doing the afternoon show yesterday, the Fed special and, and we had a chance to speak with Dan Ives in reaction to the basis and he was talking about back to no surprise.

So you're talking about the fact that maybe now if we do get a soft landing at the is in fact confident that we are going to be able to achieve that, then maybe we could see further move movement to the upside here for some of these semis going into the FOC two day meeting said without taking any single name views, we continue to like A I beneficiaries within the tech sector beyond technology, they see opportunities in quality companies with competitive market positions, resilient earnings...

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