AI Winners and Losers Emerge as Fed Leaves Interest Rates Unchanged
A volatile week in U.S. stocks ended mixed as investors navigated a hawkish Federal Reserve and sharply divergent earnings from major technology companies.
The S&P 500 and Nasdaq Composite closed under pressure after the Fed left interest rates unchanged but offered little clarity on future policy moves, while the Dow Jones Industrial Average lagged amid a broad bond selloff that pushed long-term Treasury yields to their highest levels since 2007.
Big Tech earnings dominated market sentiment, producing a clear divide between AI winners and losers. Microsoft Corp. (NASDAQ:MSFT) surged after reporting robust Azure growth while maintaining its capital spending plans, and Amazon.com Inc. (NASDAQ:AMZN) also rallied on strong cloud results.
Nvidia-Backed Nebius Could Be The AI Stock Investors Are Missing, according to GraniteShares CEO Will Rhind, who believes the company's triple-digit revenue growth, Nvidia Corp.'s $2 billion investment, and recent addition to the Nasdaq-100 make it a long-term AI investment opportunity.