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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - Hier 15:32

AI stocks to rally as Fed cuts rates for first time in years

With the Federal Reserve expected to cut interest rates for the first time in four years, the AI sector – which is experiencing a dip – is primed for a significant rally, according to the CEO of a leading financial advisory and fintech. The bullish prediction from Nigel Green of deVere Group comes as the US central bank’s Federal Open Market Committee is set to announce a rate cut, although analysts are split on whether it be the traditional 25-basis-point rate reduction, or whether the Fed will go for a supersized 50 bps cut? “The artificial intelligence AI sector is expected to

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