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US stocks closed | After the interest rate cut, US stocks rose and then fell back, with the three major indices closing slightly lower. Apple bucked the trend and rose nearly 2%.
After the Federal Reserve cut interest rates, US stock index hit a new daily high. However, it turned downwards after Powell's press conference. The S&P 500 ended its seven-day winning streak, while the Dow Jones Industrial Average fell for the second consecutive day. Nvidia failed to rebound and closed down nearly 2%, while Apple rose against the trend, gaining nearly 2%.
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Expanding the AI landscape! Report: Nvidia plans to acquire the startup company OctoAI for $0.165 billion.
NVIDIA proposed to acquire OctoAI for approximately $0.165 billion, a company that primarily sells software aimed at improving the efficiency of AI model running. Through this acquisition, NVIDIA plans to enhance its software and cloud computing service capabilities.
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