Quick SummaryGenerac Holdings skyrocketed more than 40% following announcement of a $2.4 billion partnership with Amazon to deliver backup power systems for data center operationsIntel shares gained momentum amid emerging reports of potential SK Hynix collaboration at Intel’s Ohio manufacturing complexLucid Group stock climbed after revealing plans to deploy 25,000 autonomous electric vehicles throughout Europe alongside BoltNvidia shares advanced over 2% as technology sector sentiment improved with declining Treasury yields and softer oil pricesThe Federal Reserve implemented a 25 basis point rate increase to 3.75%-4.00%, marking the first hike since 2023Markets witnessed significant movement as Generac soared over 40% on Amazon’s massive infrastructure deal, Intel gained on partnership speculation with SK Hynix, Lucid announced a major European robotaxi expansion, Nvidia recovered alongside tech stocks, and the Federal Reserve raised interest rates for the first time in three years.Generac Holdings Skyrockets Following Amazon Infrastructure PartnershipShares of Generac Holdings experienced a dramatic surge exceeding 40% during after-hours trading following the unveiling of a strategic long-term supply partnership with Amazon.The Wisconsin-based power generation manufacturer will deliver backup power systems to support Amazon’s expanding network of data centers. The initial contract value stands at approximately $2.4 billion, with potential expansion to $8 billion based on complete agreement terms.As part of the transaction structure, Amazon obtained warrants allowing the purchase of up to 1.69 million Generac shares.This partnership underscores the critical role of power infrastructure in supporting the artificial intelligence expansion. With data center facilities multiplying in scale and quantity, requirements for dependable backup power solutions are accelerating rapidly.The arrangement demonstrates that AI-driven growth is generating substantial opportunities for enterprises beyond conventional semiconductor manufacturers.Intel Stock Advances on SK Hynix Manufacturing Collaboration SpeculationIntel shares experienced gains following reports indicating that South Korea’s SK Hynix is exploring preliminary discussions regarding chip production at Intel’s domestic manufacturing sites.According to sources, two potential collaboration frameworks are under consideration. SK Hynix might lease portions of Intel’s Ohio semiconductor fabrication facility, or both companies could establish a joint venture potentially involving major cloud infrastructure providers.No formal agreement has been finalized. Intel has committed significant capital toward expanding American-based chip production capabilities, and securing a partner like SK Hynix for its Ohio operations could optimize facility utilization.SK Hynix holds a prominent position in high-bandwidth memory production, a specialized chip category experiencing robust demand for AI processor applications. Such a partnership could create mutual benefits during a period of sustained AI hardware requirements.Lucid Group Advances on European Autonomous Vehicle PartnershipLucid Group shares increased approximately 5.5% in pre-market trading following disclosure of an autonomous driving collaboration with European mobility platform Bolt.The partnership outlines plans to introduce no fewer than 25,000 self-driving Lucid electric vehicles throughout European markets. Bolt has established an extended objective of assembling an autonomous fleet totaling 100,000 vehicles by 2035.The autonomous vehicles will be manufactured using Lucid’s forthcoming Midsize platform and will incorporate Nvidia’s Hyperion autonomous driving technology.This agreement provides Lucid with an alternative commercial expansion avenue beyond traditional consumer retail channels. The deal also complements Lucid’s current robotaxi collaborations with Uber and Nuro in North American markets.Nvidia Shares Recover Alongside Technology Sector RallyNvidia stock advanced more than 2% as market participants returned to technology equities following several sessions of heightened volatility.Amazon similarly posted gains exceeding 2% during the trading session, contributing to Nasdaq outperformance relative to broader market indices.Declining crude oil prices combined with retreating long-dated Treasury yields provided relief for growth-oriented stocks. Interest rate and inflation concerns had pressured the technology sector during previous sessions.Nvidia chip demand continues at elevated levels. AI cloud infrastructure provider Nebius implemented additional price increases for access to specific Nvidia processors, indicating ongoing supply constraints.Federal Reserve Implements First Rate Increase Since 2023The Federal Reserve’s policymaking committee voted unanimously to increase its benchmark interest rate by 25 basis points, establishing the updated target range between 3.75% and 4.00%.This marks the initial rate increase in over three years and arrives as monetary authorities seek to maintain inflation management.Sixteen among the Fed’s eighteen policymakers anticipate at least one additional rate increase prior to year-end. This projection indicates the current monetary tightening campaign may extend further.Market participants will monitor subsequent communications from the Federal Reserve regarding the timing and magnitude of future rate adjustments.The post Market Movers: Amazon’s Generac Deal, Intel’s SK Hynix Talks, and Fed Rate Decision appeared first on Blockonomi.