Wedbush: NVIDIA and other AI stocks will benefit from the Fed rate cut
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Investment bank Wedbush pointed out in a report that if the Federal Reserve cuts interest rates this week, tech stocks, especially companies in the artificial intelligence field like NVIDIA, will benefit. Analyst Daniel Ives stated that tech companies' spending on artificial intelligence is still in the early stages, with expected AI capital expenditures to reach $1 trillion in the coming years. The market generally expects the Federal Reserve to start an interest rate cut cycle, although there are differing opinions on the extent of the rate cut
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