Nvidia stake in Intel, Fed rate cut, FedEx earnings: 3 Things

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First up, Intel shares soaring on a $5 billion investment from Nvidia. The two companies will co-develop chips for PCs and data centers, and the investment will make Nvidia one of Intel’s largest shareholders.

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Nvidia CEO Jensen Juan calling this collaboration historic and a fusion of two world class platforms.

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It comes as Intel has fallen far behind in the global chip race. It’s gotten an infusion of funding from Softbank, the US government, and selling assets to investors.

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A moment ago, in an aside, President Trump just saying in the UK alongside Prime Minister Kier Starmer, that Jensen Huang is taking over the world.

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Plus, the fallout from the Federal Reserve’s rate cut, the key takeaways from the Fed decision yesterday. More cuts than previously expected could be coming this year, but the outlook for cuts next year appear more cautious.

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Fed chair Jerome Powe signaling a lot of uncertainty ahead. They’ll likely face trade-offs when making policy decisions in the future.

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And then, if you look at the market action, investors are buying this morning, especially in tech on the heels of the rate cut.

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We’re looking at green across the screen, and investors will get a fresh look on the health of the consumer and effective tariffs when FedEx reports its earnings after the closing bell.