Nvidia(US:NVDA) The Economic Times·2025-09-23 20:56Market Overview - Federal Reserve Chair Jerome Powell's speech indicated a cautious approach to future rate cuts, highlighting the balancing act between inflation risks and employment risks, describing the situation as challenging with "no risk-free path" [1][12][25] - Powell noted that equity prices are currently "fairly highly valued," which has tempered investor enthusiasm [1][10][25] - Investors are awaiting the release of the Personal Consumption Expenditures (PCE) index to assess inflation trends, which could impact expectations for additional rate cuts [2][15][27] Tech Sector Performance - Micron Technology reported strong fiscal fourth-quarter results with revenue hitting $11.3 billion and adjusted earnings per share at $3.03, driven by AI-related demand [3][5][26] - Micron's stock price closed at $166.41, up 1.09%, with a market capitalization of approximately $186.23 billion [3][5][26] - Nvidia's stock surged about 4% after announcing a $100 billion investment in OpenAI, reaching a record intraday high near $184.55, but fell 2.8% the following day due to concerns about the sustainability of the deal [6][7][26] - Major tech brands, except Meta, saw declines, with Nvidia and Amazon down about 2%, reflecting broader caution after recent strong gains in AI-driven stocks [8][18][26] Gold Market - Gold futures surged to a fresh intraday record of $3,824.60 per ounce before settling near $3,796.50, continuing a sharp rally that has lifted the metal 44% year-to-date [8][11][26] - Goldman Sachs reiterated its forecast of $4,000 per ounce by mid-2026, while UBS projects $3,900 within the next year [8][11][26] Sector Performance - The strongest performing sector on the S&P 500 was Real Estate, while Consumer Discretionary was the weakest [21][27] - The AI sector remains in focus despite recent losses, with investors monitoring whether the current pause is a healthy correction or a sign of a more significant unwinding in the market [25][27]