Nvidia (NASDAQ:NVDA) and a host of other semiconductor stocks trended higher Thursday following the Federal Open Market Committee's decision to slash its benchmark interest rate by 50 basis points on Wednesday.

Nvidia’s stock historically has made dramatic moves in the year after initial Fed interest-rate cuts, and it has outperformed the S&P 500 on average when looking at all rate cuts since the IPO.

Financial writer bullish on Nvidia Corporation citing strong fundamentals, impressive growth, and potential upside despite recent gains. Click for this NVDA update.