US Stock Market Move | Star Technology Stocks Soar, NanoSemiconductor (NVTS.US) Up Over 8%

On Wednesday, the three major U.S. stock indexes opened higher collectively, with the Nasdaq rising 0.85%. Tech stocks, including NVidia, rose with NVidia Semiconductor (NVTS.US) up over 8%, AMD (AMD.US) up over 4%, ASML Holding NV ADR (ASML.US) up over 3%, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) up over 2%, and NVIDIA Corporation (NVDA.US) up over 1%. In terms of news, Federal Reserve Chairman Powell previously stated that the Fed is likely to cut interest rates by 25 basis points later this month, despite the severe impact of the government shutdown on its assessment of the economy. In addition, legendary hedge fund manager Paul Tudor Jones stated on Tuesday that with the expectation of lower interest rates, the Nasdaq Composite Index is expected to rise before the end of the year, injecting optimism into the market.