SPDR Dow Jones Industrial Average ETF

SPDR S&P 500 ETF Trust

Invesco QQQ Trust Series 1

GameStop Corp. engages in offering games and entertainment products through its ecommerce properties and stores. The firm’s stores and ecommerce sites operate primarily under the names GameStop, EB Games, and Micromania. It operates through the following geographical segments: United States, Canada, Australia, and Europe. The company was founded by Daniel A. DeMatteo in 1996 and is headquartered in Grapevine, TX.

Gamestop Corporation - Ordinary Shares - Class A

GameStop Corp

GameStop is trending as community members point to a recent post by the White House's X account, sparking speculation and excitement. Discussions revolve around potential catalysts, short squeezes, and comparisons to other meme stocks. Some users are drawing parallels to past events and expressing optimism, while others remain skeptical.

Palantir Technologies, Inc. engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates through the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies. Its platforms are widely used in areas such as defense, intelligence, healthcare, energy, and financial services, supporting data integration, large-scale analytics, and operational decision-making. The company was founded by Alexander Ceadmon Karp, Peter Andreas Thiel, Stephen Cohen, Joseph Lonsdale, and Nathan Dale Gettings in 2003 and is headquartered in Denver, CO.

Palantir Technologies Inc - Ordinary Shares - Class A

Palantir Technologies Inc

Palantir is trending as traders discuss its potential breakout and upcoming earnings, with some anticipating new all-time highs. Community members are focused on the company's AI governance strategy and recent partnership with Lumen Technologies. Bullish sentiment is fueled by positive comments from analysts and expectations for strong growth.

Meta Platforms, Inc. engages in the development of social media applications. It builds technology that helps people connect and share, find communities, and grow businesses. It operates through the Family of Apps (FoA) and Reality Labs (RL) segments. The FoA segment consists of Facebook, Instagram, Messenger, WhatsApp, and other services. The RL segment includes augmented, mixed and virtual reality related consumer hardware, software, and content. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004, and is headquartered in Menlo Park, CA.

Meta Platforms Inc - Ordinary Shares - Class A

Meta Platforms Inc

Meta is trending as investors anticipate upcoming earnings, where AI strategy and potential stock splits are key discussion points, with many expecting a strong report. Community members are actively trading options, while also analyzing potential price targets and support levels. Overall sentiment suggests anticipation for Meta's earnings and broader tech sector movements.

SoFi Technologies, Inc. is a financial service platform, which engages in the provision of student loan refinancing options to the private student loan market. It operates through the following segments: Lending, Technology Platform, and Financial Services. The Lending segment offers personal loans, student loans, home loan products, and related servicing activities. The Technology Platform segment focuses on technology products and solutions revenue. The Financial Services segment includes the SoFi Money product, SoFi Invest product, SoFi Credit Card product, SoFi Relay personal finance management product, and other financial services such as lead generation and content for other financial services institutions. The company was founded in 2011 and is headquartered in San Francisco, CA.

SoFi Technologies Inc

SoFi is trending as investors anticipate upcoming earnings this week, with community members pointing to potential catalysts like rate cut possibilities and a potential deal with China. Bullish sentiment is building, though some traders are preparing for potential volatility or a post-earnings dip. The community is actively discussing SoFi's growth prospects and potential inclusion in the S&P 500 index.

Cronos is an institutional-grade, high-performance, EVM-compatible Layer-1 blockchain built on the Cosmos SDK and integrated with the Inter-Blockchain Communication (IBC) protocol, designed as the backbone for open, compliant, and AI-accessible tokenized markets. It supports up to 60,000 transactions per second (TPS), 500ms block times, instant finality, and sub-$0.01 fees via Proof of Authority consensus.

Crypto.com Coin

Crypto.com Coin ($CRO) is trending amid mixed sentiment; while some community members express frustration with its price action and perceived underperformance compared to Bitcoin and Binance Coin ($BNB), others highlight its potential due to recent developments like Cronos partnerships and anticipation of a spot ETF. Many are also discussing the meme coin $CAW and its relationship to $CRO. The recent filing for a National Trust Bank Charter by Crypto.com/us is seen as a bullish sign for secure custody and staking.

About Mistery On Cro $MERY was born with the idea of being a meme coin on Cronos chain during the exploding 2024 meme coin season. The founder is David Bui, a well-known and seasoned #crofam $CRO investor on Cryptocom products and a big -well respected- personality on X. David minted “Mistery On CRO” on Cronos blockchain with the purpose of making this chain much better, more popular and specially more fun, but aside from serving as a mere “meme”, $MERY has the ultimate goal of also being a utility token that the founder and the team behind will push to bring many benefits to loyal hodlers. Launched in 27/3/2024 at Sydney, Australia, local time 21h00, the 690,000 $CRO presale sold out within 2 hours. The founder burned the LP to a dead wallet and the contract ownership was renounced. $MERY during its first week of launch got instant traction from the OG #crofam community who jumped in and secured bags. We are now a thriving community that will help nurturing and growing the project by sharing with more and more Web3 users.

Mistery

$MERY is trending as community members highlight its strong correlation with $CRO, anticipating potential gains. Some users point to a new listing and hint at upcoming announcements and a new game. Community buzz suggests that a crypto.com campaign could bring increased attention to the token.

POET Technologies, Inc. engages in the designing, developing, manufacturing and sale of opto-electronic solutions for the sensing, data communications and telecommunications markets. It developed POET Optical Interposer platform, which allows the integration of electronic and photonic devices into a single multi-chip module. The company was founded on November 14, 1985 and is headquartered in Toronto, Canada.

POET Technologies Inc

POET Technologies is trending due to a recent $150M capital raise and a $5M production order, signaling a move towards full-scale commercial production and expansion in the AI photonics space. The community is discussing the potential for partnerships with major players like Meta and the impact of photonics technology on AI data centers, drawing comparisons to other high-growth tech companies. The raise gives POET a strong cash position to execute on its growth plans.

SSgA Active Trust - SPDR Dow Jones Industrial Average ETF

The SPDR Dow Jones Industrial Average ETF ($DIA) is trending amid discussions around potential trade deal developments between the U.S. and China, with some anticipating positive impacts while others express skepticism. Concerns about the Federal Reserve's monetary policy and its potential impact on inflation and recession risks are also circulating within the community. Additionally, discussions about the implications of AI, rising consumer debt, and political events are influencing investor sentiment.

TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. The company was founded by Paul Prager and Nazar Khan on February 8, 2021 and is headquartered in Easton, MD.

TeraWulf Inc

WULF is trending due to recent analyst price target increases and a high short float, fueling speculation of a potential short squeeze. Community members are actively discussing overnight price movements and potential breakout points, particularly in relation to Bitcoin's performance and AI sector momentum. The focus remains on TeraWulf's transition to AI infrastructure and the potential for significant upside.

IREN Ltd. is a vertically integrated data center business powering the future of Bitcoin, AI and beyond with renewable energy. It is strategically located in renewable-rich, fiber-connected regions across the US and Canada. IREN’s large-scale, grid-connected facilities are purpose-built for the next generation of power-dense computing applications. The company was founded by Daniel Roberts and William Roberts on November 6, 2018, and is headquartered in Sydney, Australia.

IREN Ltd.

IREN Limited

IREN is trending as the community discusses its potential amid the AI and data center boom, with many eyeing long-term growth and potential partnerships; others debate potential short squeezes. Discussions include price predictions, trading strategies, and the impact of macro events like potential government involvement and analysts' ratings. Overall sentiment is bullish, focusing on IREN's position in the evolving tech landscape.

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What Lies Ahead for Mag-7 ETFs in Q3 Earnings Season?

Mag-7 earnings season heats up. Will AAPL, MSFT, NVDA, AMZN & META lift ETFs like MAGS, FNGS, MGK & XLG? Find out what's next for these market movers.

Apple (AAPL) and Formula 1 announced on Friday that they have signed a five-year partnership with Apple becoming the racing giant’s exclusive broadcast partner starting in 2026.&nbsp;In addition to having exclusive rights to broadcast F1 on Apple TV, the companies said the collaboration would also amplify the sport on other Apple platforms like Apple Music and Apple News. F1 TV Premium, F1’s own premier content offering, will continue to be available in the U.S. via an Apple TV subscription only and will be free for those who subscribe.<a href="http://stocktwits.com/symbol/AAPL">Apple’s stock</a> edged 0.14% higher in pre-market trade, with retail sentiment on Stocktwits trending in ‘bearish’ territory over the past day.The partnership follows Apple’s success with ‘F1 The Movie,’ which is the studio’s highest-grossing theatrical release to date and the top-earning original film of 2025. The movie has grossed approximately $629 million worldwide, according to&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.boxofficemojo.com/release/rl2507374593/">figures</a> from Box Office Mojo. The domestic opening weekend brought in around $57 million, marking Brad Pitt’s best career debut as an actor.“We are no strangers to each other, having spent the past three years working together to create F1 The Movie, which has already proven to be a huge hit around the world,” said President and CEO of Formula 1, Stefano Domenicali. “We have a shared vision to bring this amazing sport to our fans in the U.S. and entice new fans through live broadcasts, engaging content, and a year-round approach to keep them hooked.”F1 cited Apple’s ability to reach a diverse range of consumers through its ecosystem as one of the reasons for the partnership. It also claimed that the partnership would help it reach younger audiences of the sport. The companies said additional information, including production and product details, will be announced in the coming months.The partnership represents a growing trend of streaming platforms looking to secure broadcast rights for top sports leagues and events. Netflix (NFLX), for instance, already has a partnership with the WWE and the National Football League (NFL). Amazon (AMZN) has a deal to stream five mid-season NASCAR Cup Series races as well as exclusive rights to stream Thursday Night Football.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/bitcoin-falls-below-105-000-pulling-mstr-stock-lower-xrp-and-solana-drop/ch6sexmR383">Bitcoin Falls Below $105,000, Pulling MSTR Lower – XRP And Solana Drop Amid Banking Jitters</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

The Apple logo, taken at the Apple Store on 5th Avenue in Manhattan. 

Apple, F1 Sign 5-Year Exclusive Deal For Broadcast Rights

F1 cited Apple’s ability to reach a diverse range of consumers through its ecosystem as one of the reasons for the partnership. 

Equity

Meta Platforms (META) announced on Wednesday that it is investing $1.5 billion to build a data center in El Paso.<a href="http://stocktwits.com/symbol/META">META’s stock</a> was down more than 4.5% in Wednesday’s midday trade. Retail sentiment around the company on Stockwits dipped to ‘bearish’ from ‘neutral’ territory while chatter remained at ‘high’ levels over the past day.&nbsp;The Mark Zuckerberg-led company said the data center is designed to scale to a gigawatt (GW) and is intended to support its growing artificial intelligence (AI) workload. It also touted that the plant will create 1,800 construction jobs at its peak and around 100 operational jobs once complete.&nbsp;Meta said it plans to integrate a closed-loop liquid-cooling system that will use zero water for most of the year, contributing to the company’s broader water-positive goal by 2030. The company said it will also source 100% of the center’s electricity from renewable energy. Meta also noted that in the company’s agreement with El Paso Electric, it has paid for new grid infrastructure required to connect the data center, including new transmission lines and substations.The tech giant added that the El Paso data center will complement Meta’s AI initiatives by powering applications ranging from AI assistants and live translations to video editing tools.&nbsp;This new data center will be the third entity the company has set up in Texas, in addition to the data centers in Forth Worth and Temple. According to the Meta Platforms, it has invested more than $10 billion in Texas so far.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/ethereum-solana-outpace-bitcoin-gains-as-crypto-market-gains/ch6nwq6R3N1">Ethereum, Solana Outpace Bitcoin Gains As Crypto Market Gains After Fed Signals More Scope For Rate Cuts</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

The logo of the Facebook group Meta can be seen near the company headquarters. Photo: Andrej Sokolow/dpa (Photo by Andrej Sokolow/picture alliance via Getty Images)

Meta Announces Plans For $1.5 Billion AI Data Center In El Paso

The Mark Zuckerberg-led company said the data center is designed to scale to a gigawatt and is intended to support its growing artificial intelligence workload. 

Amazon.com, Inc. is planning to reduce the size of its human resources division, known internally as PXT or the People eXperience Technology team, by 15%, according to a report in Fortune published late Tuesday.The PXT division, which reports to senior vice president Beth Galetti, has more than 10,000 employees worldwide and includes some technology staff, according to the&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://fortune.com/2025/10/14/amazon-layoffs-pxt-hr-andy-jassy/">report</a>.The cuts could affect other divisions as well, according to the report, which cited multiple unnamed sources. Amazon did not respond to a Stocktwits query seeking confirmation and additional details.The development underscores how Big Tech firms are continuing to implement targeted layoffs amid economic uncertainty under President Donald Trump and the growing adoption of AI technology.Over the past few years, Amazon has&nbsp;eliminated several&nbsp;roles within its consumer devices, Alexa voice assistant, and Amazon Web Services divisions. In June, Microsoft announced it was laying off 3% of its global workforce, or roughly 6,000 workers.Last month, Amazon CEO Andy Jassy&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/amazon-ceo-andy-jassy-vows-to-make-ecommerce-giant-leaner-and-meaner/chDGg3uRdCg">reiterated</a> a plan to remove excess management layers in the organization to improve the corporate culture and spur innovation.The company is currently navigating the impact of headwinds from U.S. tariffs on its mainstay e-commerce business while investing in AI capacity to grow its cloud business. Despite healthy results last quarter, Amazon has underperformed this year, raising investor concerns.<a href="https://stocktwits.com/symbol/AMZN">AMZN shares</a> are down 1.4% year-to-date, the worst performance among the Magnificent Seven stocks. On Stocktwits, the retail sentiment for Amazon was 'neutral' as of the last reading.For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/grindr-confirms-buyout-interest-from-top-shareholders-shares-jump/ch6nk5dR3ZS">Grindr Confirms Buyout Interest From Top Shareholders, Shares Jump Over 4% In After-Hours</a>

In this photo illustration, the logo of Amazon.com is displayed on a smartphone screen, with the company's iconic smile branding visible in the background. (Photo illustration by Cheng Xin/Getty Images)

Amazon Reportedly Puts 1,500 HR Jobs On The Chopping Block As Big Tech Streamlines Under AI, Trump Tariffs

The latest cuts will hit Amazon's People eXperience Technology teams.

Broadcom-OpenAI Deal Boosts AI Growth Prospects: Tech ETFs in Focus

OpenAI's new deal with Broadcom fuels AI expansion, highlighting tech ETFs like IYW as a safer way to ride the AI wave amid market uncertainty. 

Are Big Tech ETFs Strong Enough to Weather AI Bubble Fears?

Tech stocks are pricey with strong fundamentals. Ride the AI euphoria with ETFs like MAGS, FNGS, MGK, XLG.



Amazon shares were trending on Stocktwits early Friday, with retail investors and analysts touting an imminent breakout following a sharp rally this week and a few other catalysts.Investors were assessing their positions as Amazon wrapped up its two-day "October Prime Day" event — a prelude to the main holiday shopping sale — and with the third-quarter earnings kicking off. The company has yet to announce its results date."Perhaps Amazon's multiple has shrunk enough? It will never be ‘cheap’ but it sure is ‘cheaper,’" noted CNBC commentator Jim Cramer said in an&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/jimcramer/status/1976370445973897359">X post</a> on Thursday. Amazon stock currently trades at 32.9 times the company's 12-month forward earnings, down from 41.2 times in February, the highest reading this year, according to Koyfin data.Among the “Magnificent 7” stocks, Amazon's P/E ratio is the second lowest after Alphabet's and tied with Apple's. A low P/E ratio typically indicates that investors may be pricing in weaker earnings growth or viewing the stock as undervalued.After rallying from mid-April through Aug. 1, when Amazon issued its quarterly results, the&nbsp;<a href="https://stocktwits.com/symbol/AMZN">AMZN stock</a> has traded within a range. Now, it is on a four-session winning streak.Several Stocktwits users noted a bullish "breakout" pattern emerging, indicating that AMZN has breached or is approaching a resistance level, which could lead to a strong upward move."Stock breaking out of consolidation channel on the daily. seeing multiple call flow come in," said one user.<stembedurl>https://stocktwits.com/RockyTSTH/message/631773645</stembedurl>"If $AMZN continues the climb into Friday's session, it would be a disciplined move to pay yourself on those calls before the weekend +30%, then look to re-enter next week if the opportunity presents itself," another user said, outlining their strategy with respect to weekly options expiry on Friday.<stembedurl>https://stocktwits.com/trading__analysis/message/631773749</stembedurl>On Stocktwits, the retail sentiment for AMZN was 'neutral,' with 'normal' message volume, as of early Friday. The stock has gained a mere 3.8% year-to-date, underperforming the benchmark S&amp;P 500 and Nasdaq indices.For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/nike-elf-beauty-drpepper-reign-supreme-among-us-teens/ch6anJvR31p">Nike, elf Beauty, Dr Pepper Reign Supreme Among US Teens, Survey Finds</a>

The logo and lettering of global online mail order company Amazon can be seen under the blue sky on the façade of Amazon Germany's headquarters on March 25, 2025.

Amazon Stock: Jim Cramer Thinks It ‘Sure Is Cheaper’, Retail Traders Brace For Breakout In Tepid Year

Commentators are also saying that AMZN's 12-month forward P/E ratio is attractive for entry.

Klarna (KLAR) announced on Thursday that it has partnered with Alphabet’s (GOOG/GOOGL) Google Cloud to utilize the tech giant’s artificial intelligence (AI) across its app.<a href="http://stocktwits.com/symbol/KLAR">Klarna’s stock</a> rose as much as 4.4% at market open. However, retail sentiment on Stocktwits around the shares remained in ‘bearish’ territory. Meanwhile,&nbsp;<a href="https://stocktwits.com/symbol/GOOG">Google’s stock</a> edged 0.15% lower but retail sentiment improving to ‘bullish’ from ‘neutral’ territory over the past day.The global digital bank said the partnership aims to enhance personalization and engagement for shoppers. Klarna plans to leverage Google’s AI tools and models to create dynamic digital lookbooks, hyper-targeted marketing campaigns, and improved visual content throughout its app. Early tests reportedly increased app usage by 15% and boosted order volumes by 50%. The app currently has 114 million users, according to the company.Beyond marketing, Klarna intends to apply AI to its image library, tailoring content to individual user preferences and enhancing the overall shopping experience. The partnership will also extend to security, with AI deployed to strengthen fraud detection and anti-money laundering measures through advanced pattern analysis.Klarna went public in September in one of the year’s largest fintech IPOs, priced at $40 per share. Wall Street remains optimistic, with Bank of America, Wolfe Research, UBS, and JPMorgan issuing bullish ratings this week, according to TheFly.BofA initiated coverage with a $51 price target and a ‘Buy’ rating, citing Klarna’s Buy Now, Pay Later (BNPL) model and its significant total addressable market. Wolfe Research gave an ‘Outperform’ rating with a $50 target, noting the company should trade at a premium to growth fintech peers and calling its expansion initiatives “constructive.”Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/bitcoin-ethereum-dip-ahead-of-powell-speech-amid-rising-dollar/ch67FDVR3K0">Bitcoin, Ethereum, And Other Major Cryptocurrencies Dip Ahead Of Powell’s Speech Amid Rising Dollar</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

A banner for the online lender Klarna is displayed at the New York Stock Exchange (NYSE) on September 10, 2025 in New York City. (Photo by Spencer Platt/Getty Images)

Klarna Partners With Google Cloud To Deploy AI To Boost App Engagement And Orders 

Klarna reported that early tests using Google Cloud’s AI resulted in a 15% increase in app usage and a 50% boost in order volumes.

Nvidia (NVDA) CEO Jensen Huang reportedly informed employees in a memo to the staff that the company would continue to sponsor H-1 B visas and cover all associated costs."As one of many immigrants at Nvidia, I know that the opportunities we've found in America have profoundly shaped our lives," he&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.businessinsider.com/jensen-huang-nvidia-ceo-sponsor-h1bs-memo-2025-10#:~:text=Nvidia%20CEO%20Jensen%20Huang%20told,fee%20on%20each%20new%20application">wrote</a> in the memo, cited by Business Insider. "And the miracle of Nvidia — built by all of you, and by brilliant colleagues around the world — would not be possible without immigration."Huang added that “legal immigration remains essential to ensuring the U.S. continues to lead in technology and ideas,” saying the Trump administration’s “recent changes reaffirm this.”<a href="http://stocktwits.com/symbol/NVDA">Nvidia’s stock</a> was trading flat in midday trade with retail sentiment on Stocktwits around the shares trending in ‘neutral’ territory.&nbsp;The statement follows President Donald Trump’s executive order last month, which imposed a $100,000 fee on each new H-1B visa application, a move that has drawn concern from major U.S. employers. Technology and financial firms have long relied on the program to fill specialized roles, particularly in artificial intelligence and engineering, with recruits from India, China, and other countries.Federal&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.uscis.gov/tools/reports-and-studies/h-1b-employer-data-hub">data</a> from the U.S. Citizenship and Immigration Services (USCIS) shows that Amazon (AMZN) leads with more than 10,000 H-1B visa holders across its subsidiaries as of mid-2025, followed by Tata Consultancy Services (TCS) with about 5,500, Meta Platforms (META) with 5,123, Apple (APPL) with roughly 4,200, and Google with about 4,181 visa holders.The broader stock market was trading in the red on Friday afternoon. The&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY) was down 0.36%, the&nbsp;<a href="http://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF</a> (DIA) slipped 0.23%, and the Nasdaq-100 tracking&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust</a> (QQQ) moved 0.50% lower. Retail sentiment around QQQ on Stocktwits trended in ‘bearish’ territory even as chatter increased to ‘high’ from ‘normal’ levels over the past day.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/bnb-token-surges-to-record-high-overtakes-xrp-as-third-largest-cryptocurrency/ch6PaXTR3Wy">BNB Token Surges To Record High, Overtakes XRP As Third-Largest Cryptocurrency</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on "Investing in America" on April 30, 2025, in Washington, DC.  

Jensen Huang Says Nvidia Will Keep Sponsoring H-1B Visas Despite Trump Policy Shift: Report

According to a report by Business Insider, which cited Huang’s memo to staff, the Nvidia CEO stated that immigration has been central to both his own journey and the company’s success.

An equity strategist&nbsp;is weighing all his market optimism on third-quarter earnings, thanks to the ongoing momentum seen in artificial intelligence (AI).&nbsp;While appearing on CNBC’s “Fast Money” segment, Wells Fargo Chief Equity Strategist Ohsung Kwon&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.youtube.com/watch?v=0PjGOpP5730">said</a> AI matters more to the market than the Fed. The strategist, however, acknowledged the importance of rate cuts in broadening the rally.The strategist noted that in the run-up to the Fed’s September meeting, easing trade happened, with small-cap and homebuilders finding favor among investors. Now that the Fed is officially in an easing cycle, traders are selling the news and rotating back into AI, he added. “I think outside of AI, I'm not really excited about anything,” Kwon said.&nbsp;He believes that for the rally to broaden, the manufacturing purchasing managers’ index (PMI) must exceed 50. “I don’t really see that happening unless rates fall more from here because this has been the most rate-sensitive manufacturing cycle in history,” he added. Wells Fargo forecasts two rate cuts this year and another two next year.Thanks to an AI-fueled rally on the back of AMD’s (AMD) OpenAI deal, the S&amp;P 500 and the major tech indices hit another fresh record. For the year-to-date (YTD) period, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF (SPY)</a>, an exchange-traded fund (ETF) that tracks the S&amp;P 500 Index, and the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust (QQQ)</a> have gained 15.6% and 19.3%, respectively.&nbsp;On Stocktwits, retail traders remained cautious, with the sentiment toward both the SPY and QQQ ETF remaining ‘bearish’ by late Monday. The message volume on the SPY stream remained ‘high,’ while that on the QQQ was at ‘normal’ levels.&nbsp;The&nbsp;<a href="https://stocktwits.com/symbol/AIQ">Global X Artificial Intelligence &amp; Technology ETF (AIQ)</a> has gained over 32% for the year, while the&nbsp;<a href="https://stocktwits.com/symbol/MAGS">Roundhill Magnificent Seven ETF (MAGS)</a>, which tracks seven mega-cap tech stocks with exposure to AI, has risen 20%.&nbsp;The research firm predicts a 4% earnings beat, on average, for the upcoming reporting season, based on its modeling that analyzed approximately 350 macro variables, led by AI and semiconductor companies. He also said that tariffs didn’t significantly impact the third-quarter results. “I think it's more of a Q4 event and into Q1 because companies carry about 65 days of inventory at the end of Q2, which means that since Aug. 7, their inventories are going to run out in the middle of October to November.”Given his expectations that earnings will grow 11% this year and the next and another 12% in 2027, the strategist predicts low-teens returns for the S&amp;P 500 companies without any multiple growth. Factoring in profits, rates, sentiment and macro, Kwon said the backdrop is positive for equities and the S&amp;P 500 will likely hit 7,200 by year-end 2026.For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/dow-nasdaq-100-futures-slip-as-risk-appetite-dips/ch6PGgTR3WI">Dow, Nasdaq 100 Futures Slip As Risk Appetite Dips After 7-Day Rally: Strategist Stays Constructive On Equities</a>

Artificial Intelligence and machine learning concept - stock photo (Photo courtesy of Vertigo3d via Getty Images)

Wells Fargo Strategist Downplays Fed Rate Cuts, Says Market Rally Is All About AI

The research firm predicts a 4% earnings beat, on average, for the upcoming reporting season, based on its modeling that analyzed approximately 350 macro variables, led by AI and semiconductor companies.

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