$NVIDIA (NVDA.US)$ The main Wall Street indices slumped on W...

$NVIDIA (NVDA.US)$ The main Wall Street indices slumped on Wednesday after the US central bank cut interest rates, but also signaled that it was likely to only cut interest rates twice next year, down from the four reductions seen in September’s forecast.

The blue chip Dow Jones Industrial Average fell over 1,000 points, or 2.6%, its 10th straight loss, while the S&P 500 dropped almost 3% and the Nasdaq Composite slipped 3.6%, its worst day since late July.

Still this rout in technology stocks presents a buying opportunity, Wedbush analysts said, with artificial intelligence set to drive more gains in the coming year.  

The selloff presents a “buying opportunity to own tech winners poised to play in a robust AI Revolution into 2025,” Wedbusg said, in a note released late Wednesday.