A rate cutting-cycle from the Federal Reserve could bode well for some technology stocks.
A rate-cutting cycle from the Federal Reserve could bode well for some technology stocks. Markets are gearing up for a long-awaited rate cut from the central bank Wednesday after more than two years of aggressive hiking to stem the spread of sticky inflation. It will end one of the most aggressive periods of tightening in recent history.
Shares of the chip storage company have rallied nearly 26% this year, benefiting from ongoing AI benefits. Apple has been another big winner following a rate cut, rising a median of 16.2% in the past. Shares of the technology giant have gained 12% this year, despite a nearly 6% drop since the start of September. Earlier this month, Apple debuted its iPhone 16 model, incorporating its long-awaited AI capabilities dubbed Apple Intelligence.
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