The year-end spectacle of the Federal Reserve is here: will the first phase of the interest rate cut cycle come to an end tonight?
It is widely expected in the industry that the Federal Reserve will cut interest rates by another 25 basis points in this week's meeting, and there is almost no suspense left.
U.S. stock market in the early session | Global focuses on the Federal Reserve's interest rate decision! The three major indices rose slightly, with NVIDIA up nearly 4%; some quantum Concept stocks continued to rise, with QUBT up nearly 24%.
On the evening of October 18th, Peking time, the market is focused on the Federal Reserve's policy decision and Chairman Powell's speech, expecting the Fed to lower interest rates by 25 basis points.
NVIDIA surged over 4%! Supported by Citigroup: GPUs are expected to maintain strong momentum, with ASICs accounting for 25% by 2028.
Citigroup believes that NVIDIA's GPUs can be reprogrammed through CUDA to adapt to different workloads, which is NVIDIA's greatest advantage. Citigroup maintains a "Buy" rating on NVIDIA and sets its "Target Price" at $175, indicating that NVIDIA still has about a 34% potential upside.
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