It is difficult to tell how much of today’s rally was: Driven by AMD earnings yesterday, which sparked a rally in their stock that seemed to feed into NVDA as well, which was up more than 10% and presumably helped the rally almost 15%, adding more than $300 billion of market cap. MSFT, gaining traction from the immediate post-earnings reaction, as their conference call did a lot to soothe investors – a nice turnaround in a market that has been punishing “misses.” The Fed. Yields moved down across the curve, even though the Fed didn’t cut rates, and only signaled ... Back to Mag 7 Earnings and the AI Story