Yahoo Finance

Could rate cuts spur more Big Tech spending into AI?

While equities pop in Thursday's session — an almost delayed reaction to yesterday's interest rate decision by the Federal Reserve — how are tech stocks poised to operate in this new rate easing cycle? The Futurum Group Chief Market Strategist Cory Johnson sits down with the Market Domination team to cover what Fed rates mean for the tech sector as they invest more into artificial intelligence. "There is a confidence that companies have to invest money in tech and in AI in particular. They've always been spending money on tech, but spending money on AI, figuring out what data they've got, figuring out where there's value, and companies of all kinds are doing that work right now." Johnson shares his outlook on tech names outside of the Magnificent Seven. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.