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Nvidia’s stock historically has made dramatic moves in the year after initial Fed interest-rate cuts, and it has outperformed the S&P 500 on average when looking at all rate cuts since the IPO.

A rally from the “magnificent seven” tech stocks perhaps predictably fueled the rally, but this surprise name was the S&P 500’s biggest gainer Thursday.

The chip maker's shares have tended to pop after the Federal Reserve cuts interest rates, judging by data stretching back to 1999.

Fed commentary could give a further shot in the arm to AI names that have been market leaders, but the broader semiconductor sector still faces challenges and skepticism.

Tom Lee, Fundstrat Global Advisors co-founder and head of research, joins CNBC's 'Power Lunch' to discuss how the Fed's rate cut decision may impact markets over the next few months, how investors should position themselves,

NVIDIA Corporation NVDA has crushed bubble fears and has seen a meteoric rise in the past few years amid the advent of artificial intelligence (AI). CEO Jensen Huang, however, believes NVIDIA’s growth story is just beginning,