Tech stocks rallied, with shares of NVIDIA Corporation NVDA and Advanced Micro Devices, Inc. AMD gaining around 4% and 6%, respectively. Micron Technology, Inc. MU shares added 2.2% during the session. Tesla Inc. TSLA also surged, closing the day with gains of 7.4%.

Nvidia’s stock historically has made dramatic moves in the year after initial Fed interest-rate cuts, and it has outperformed the S&P 500 on average when looking at all rate cuts since the IPO.

Financial writer bullish on Nvidia Corporation citing strong fundamentals, impressive growth, and potential upside despite recent gains. Click for this NVDA update.