Trading on the AI Revolution accelerates after the Fed rate cut
The Fed's 50 basis point rate cut has created favorable conditions for the technology sector, especially for AI-related companies. Wedbush analysts forecast AI capital expenditures of up to $1 trillion in the coming years.
Trading against the backdrop of the AI revolution continues to gain momentum thanks to the recent Fed rate cut of 50 basis points, which improved conditions for the technology sector. Wedbush analysts believe that this decision has created excellent opportunities for the growth of shares of companies related to artificial intelligence, such as Nvidia, Microsoft, Oracle, Palantir and AMD. AI capital expenditures are expected to reach $1 trillion in the coming years, with Nvidia (NVDA) already taking center stage in this revolution. Its chips are compared to "new oil and gold," which highlights the importance of these technologies for the future. Wedbush predicts continued growth in technology sector stocks through 2025, making AI one of the key driving forces in the market.
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