Why Nvidia, Arm Holdings, Broadcom, and Other Artificial Intelligence (AI) Stocks Rallied on Friday

The Federal Reserve Bank is finally saying what Wall Street has been waiting to hear.One of the driving forces behind the current market rally is excitement regarding the implications of artificial intelligence (AI) and the promise of productivity gains that will boost profits. However, the adoption of this groundbreaking technology has been measured, thanks to historically high interest rates, as the Federal Reserve Bank has been battling persistently high inflation. However, comments made in a speech toda ...