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Powell gave traders a green light to double down on AI—but the markets punished Meta and Microsoft anyway
fortune.com/2025/10/30/powell-green-light-ai-meta-microsoft
Jerome Powell cut interest rates by 0.25% and downplayed fears of an AI bubble. Investors reacted with sophistication: Meta and Microsoft sold off sharply overnight, but Google rose 7%. Bitcoin dropped to $110,000.
U.S. Federal reserve chairman Jerome Powell bifurcated the stock market…
This story appeared on fortune.com, 2025-10-30 11:04:56.