Nvidia Stock Rises. The Fed Rate Scare Could Drive It Even Higher.

Nvidia stock was rising on Thursday as investors shrugged off the Federal Reserve’s gloomy outlook for 2025. Nvidia emerged relatively unscathed from Wednesday’s Fed scare, sliding 1.1% on a day when all three blue-chip U.S. indexes—the S&P 500, and —plummeted by more than double that. The selloff came after the Fed cut interest rates by a quarter of a point, but Chair Jerome Powell signaled to the market that the central bank may only lower borrowing costs twice in 2025 because inflation is still running above its 2% target.