Market Insight: Big tech gets a lift – courtesy of the Fed | REUTERS [Video]

A first US rate cut in four years is affecting megacap growth stocks, with Microsoft, Meta, and Alphabet all advancing following Wednesday’s FOMC meeting. Nvidia, AMD, and other chip stocks are also seeing solid gains. But how long—and how deep—will the feel-good factor last? Melissa Otto, Head of TMT Research at S&P Global Visible Alpha, shares her outlook for big tech through the end of the year amid rising uncertainty as the US presidential election approaches.

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