Stock Market Rebounds with Focus on AI and Rate Cuts
The stock market saw a rebound led by AI leaders Nvidia and Super Micro, as Fed Chair Powell hints at possible rate cuts this year.
- Dow Jones, S&P 500, and Nasdaq showed recovery with Nvidia and Super Micro hitting record highs.
- Fed Chair Jerome Powell's comments on potential rate cuts this year spurred optimism in the market.
- Artificial intelligence stocks, particularly Nvidia and Super Micro, surged to new highs amid the market rebound.
- Investors are advised to be cautious as bullish sentiment reaches near-euphoric levels.
- Tesla's underperformance continues, hitting 10-month lows amid production halts and potential profitability concerns.
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