Post-Fed Rate Cut: Buy, Hold, or Sell NVIDIA Stock?
NVDANvidia(NVDA) ZACKS·2024-09-21 04:06

NVIDIA Corporation (NVDA) has crushed bubble fears and has seen a meteoric rise in the past few years amid the advent of artificial intelligence (AI). CEO Jensen Huang, however, believes NVIDIA’s growth story is just beginning, while the Federal Reserve’s recent jumbo interest rate cuts should help the company access cheaper capital. So, is this the most opportune moment to place bets on the stock? Let’s take a closer look. Why a Rate Cut Will Boost NVIDIA StockIn Wednesday’s concluded policy meeting, the F ...