Wall Street Hits Record Highs on Nvidia-Intel Deal and Fed Rate Cut

U.S. markets surged to record levels after the Federal Reserve’s decision to cut rates by 25 basis points, coupled with Nvidia’s $5 billion investment in Intel. Intel jumped nearly 23%, its largest single-day gain since the 1980s, while major indices including the S&P 500, Nasdaq, and Russell 2000 all posted new highs. Strength was broad-based, especially in semiconductors and tech stocks, as investor optimism builds around AI-driven growth and expectations of further monetary easing.