MIXED,BTC breakdown 60k, chips down AMD SMCI NVDA, QCOM up.
US stocks were a mixed bag on Wednesday as investors digested commentary
![MIXED,BTC breakdown 60k, chips down AMD SMCI NVDA, QCOM up.](https://ussnsimg.moomoo.com/sns_client_feed/104160289/20240502/1714612096211-72a6051ecb.png/big?area=999&is_public=true)
from the Federal Reserve chair Jerome Powell after the central bank
held interest rates steady at its latest policy meeting.
![MIXED,BTC breakdown 60k, chips down AMD SMCI NVDA, QCOM up.](https://ussnsimg.moomoo.com/sns_client_feed/104160289/20240502/1714612065864-8df9d1cd88.png/big?area=999&is_public=true)
![MIXED,BTC breakdown 60k, chips down AMD SMCI NVDA, QCOM up.](https://ussnsimg.moomoo.com/sns_client_feed/104160289/20240502/1714612071377-ebbcb3fa9f.png/big?area=999&is_public=true)
![MIXED,BTC breakdown 60k, chips down AMD SMCI NVDA, QCOM up.](https://ussnsimg.moomoo.com/sns_client_feed/104160289/20240502/1714612071216-5befae7ad4.png/big?area=999&is_public=true)
stocks took a noticeable leg higher after Powell said "it is unlikely
the next policy move will be a hike." Those gains teetered off in the final hour of trading.
AMD shares sank nearly 10% while Super Micro fell 14%.
The news weighed more broadly on chipmakers like Nvidia (NVDA), which closed down about 4%.
Starbucks (SBUX) shares also tumbled lower by about 16%
in the wake of a bad earnings miss for the coffee chain.
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