The Fed is asked to cut rates by 75 bps first! | NVIDIA and Apple over-rely on TSMC, both stocks fall | Intel partners with Amazon to invest in AI chips, surges 10% after hours | Microsoft's AI business begins to bear fruit | Boeing employees strike, hiring freeze

The market has fully priced in expectations for the Federal Reserve's FOMC meeting, with 67% anticipating a direct and substantial rate cut of 50 basis points. Some have even jointly petitioned for Jerome Powell to cut rates by 75 basis points to address the vacuum period leading up to November and prevent potential economic data shocks. Anyway, since market expectations have reached this level, we'll just wait—whether the market rises or falls after the announcement doesn't matter much.

The key point is whether the market can regain upward momentum after the initial reaction.

Funds continue to flow out of AI-related concepts or large-cap tech stocks, primarily because the market seems unable to tolerate the prolonged and massive investment phase of AI. Microsoft has finally provided some tangible results, such as a 60% increase in Copilot users.

I'm more concerned about NVIDIA. Recently, there's been talk about potentially abandoning TSMC, which feels like a no-win situation. Intel, lacking its own capabilities, has complained about major players relying too heavily on TSMC—and sure enough, government and Amazon orders have come in. The squeaky wheel gets the grease.

0:00 Show begins

0:41 Expectations maxed out—Fed to cut 50 bps, market might be satisfied

5:10 Before the Fed's rate decision announcement, the yen hits its highest level since July 2023!

7:11 NVIDIA (NVDA)/Jensen Huang, if needed, reduces reliance on TSMC (TSM)$NVIDIA(NVDA.US) $Taiwan Semiconductor(TSM.US)

12:06 Yesterday's U.S. stock performance/Google (GOOG)$Alphabet - C(GOOG.US)

14:27 Intel & Amazon jointly invest in custom AI computing chips (INTC) (AMZN)$Amazon(AMZN.US)

16:34 Microsoft (MSFT)$Microsoft(MSFT.US)

18:48 Boeing strike (BA)$Boeing(BA.US)