$5 Billion Nvidia & Intel Deal = Moon?E-mini S&P 500 Futures (Dec 2025)CME_MINI:ESZ2025LegendSinceKey Drivers of the Rally Fed Rate Cut The Federal Reserve cut short‐term interest rates by 25 basis points this week — the first rate cut in a while. That typically boosts equities because borrowing costs fall, making future earnings more valuable. The cut also signalled that further easing might be possible, which increases optimism about slower financing conditions ahead. Strong Tech & AI Sentiment Tech names, especially those involved in AI, chip manufacturing, cloud, data centres, have had good news. For example, Nvidia & Intel made a joint investment/partnership plan which lifted Intel heavily and helped boost tech indices. Nvidia is buying $5 billion of Intel common stock at $23.28/share, which gives Nvidia about a 4% stake in Intel. This comes after recent government investment in Intel (the U.S. got a ~10% stake) to shore up its competitive position.