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On Wednesday, the Federal Reserve trimmed interest rates aggressively and penciled in further rate cuts by the end of the year. It slashed the benchmark interest rate by a half-point to 4.75-5% for the first time since March 2020.

Key Takeaways Nvidia shares have exploded this year, but William Blair analysts say there's still an upside opportunity.The firm believes Nvidia has a one- to two-year lead on its competitors in artificial intelligence.