Stocks were rising sharply Thursday after the Federal Reserve reduced interest rates by a half point, an aggressive move and the central bank’s first cut since 2020.These stocks were making moves Thursday:Enphase Energy rose 0.

Semiconductor stocks especially the ones linked to artificial intelligence technology led by Nvidia Corp (NASDAQ:NVDA), Broadcom Inc (NASDAQ:AVGO), Advanced Micro Devices, Inc (NASDAQ:

AMD is adept at catching up with competitors. Assuming it can also catch up in the AI chip market, its growth will likely continue. However, its investment thesis changed dramatically after Lisa Su became CEO in October 2014.

Advanced Micro Devices, Inc.'s MI300 accelerator is driving big data center sales growth, narrowing the Nvidia gap. Find out more on AMD stock here.