Bullet points of Tesla, Nvidia lead tech-heavy Nasdaq to one of best days of 2024 after Fed rate cut

Bullet points of Tesla, Nvidia lead tech-heavy Nasdaq to one of best days of 2024 after Fed rate cut
- Nvidia's stock gains 4% as investors pour into tech stocks after the Federal Reserve cuts interest rates
- The Nasdaq rose 2.5% on Thursday, led by a 7.4% gain in shares of Tesla and a 4% jump in Nvidia
- Lower interest rates tend to benefit tech stocks, making risky bets more attractive
- Nvidia's processors are powering the generative AI boom and services like OpenAI's ChatGPT
- Nvidia counts on a relatively small group of customers for an outsized amount of revenue