Stocks were mixed as investors awaited the Federal Reserve’s interest rate decision, with the Nasdaq down nearly 0.5% and the S&P 500 off about 0.2%, while the Dow rose slightly. A surprise increase in bookings for ASML boosted tech stocks, although Nvidia saw a decline. Attention is now on upcoming earnings from Meta, Microsoft, and Tesla for insights into Big Tech’s AI investments.
about Stocks Mixed Ahead of Federal Reserve Decision and Big Tech EarningsApplied Materials Inc.
0 in Finance and 0 in Crypto last weekNasdaq Futures Rise as ASML Boosts Tech Stocks Ahead of Fed Decision
Nasdaq futures rose 0.4% on Wednesday, buoyed by a 7% pre-market gain in ASML shares following a surprise rise in bookings, while S&P 500 and Dow futures remained stable ahead of the Federal Reserve’s rate decision. Investors are keenly awaiting insights from Fed Chair Jerome Powell regarding potential rate cuts and the impact of recent tariff moves. The focus also shifts to upcoming earnings from Meta and Microsoft, as well as Tesla, amid ongoing discussions about AI spending and competition in the tech sector.
about Nasdaq Futures Rise as ASML Boosts Tech Stocks Ahead of Fed DecisionVertiv Stock Surge Driven by AI Demand and Growth Prospects
Vertiv Holdings Co has seen its stock surge over 10,462% in two years, driven by its critical role in cooling systems for generative AI technologies. With a strong earnings report and optimistic growth forecasts, the company anticipates a 12-14% CAGR through 2029, supported by the $500 billion Stargate AI project aimed at enhancing U.S. AI infrastructure. Despite some analysts viewing the stock as slightly overvalued, mutual fund interest is rising, positioning Vertiv to benefit from increasing demand for data center cooling solutions.
about Vertiv Stock Surge Driven by AI Demand and Growth Prospects