Stocks Hit Record Highs on Dovish Fed and Bullish AI News; Nvidia, Broadcom Surge
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Dow Jones futures rose on a dovish Fed and bullish AI events, with the major indexes hitting record highs. Nvidia, Broadcom, and Micron stock had big gains.
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Uber, Eli Lilly, and CrowdStrike are leading stocks setting up consolidations and approaching potential buy points.
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Nvidia unveiled a new AI chip while Broadcom and Microsoft held upbeat AI events. Micron reported a surprise profit on AI strength.
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Various sectors saw strength, with financial, metal/mining, infrastructure, transportation, homebuilder, energy, and industrial ETFs popping.
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Investors should look for incremental buy opportunities but not ramp up exposure aggressively yet. Building watchlists and reading market analysis is key.