Sep 19, 2025 · QQQ/SPY Market Review · 25 headlines
QQQ rose 0.73% and SPY gained 0.18%, leaving QQQ ahead by 0.55 percentage points. Reports on Samsung's Nvidia-qualified memory, OpenAI's planned backup-server spending and Oracle-Meta cloud talks formed the day's AI-infrastructure cluster. A Xi-Trump call, a new H-1B visa fee and Federal Reserve and government-funding updates supplied the policy backdrop.
Published
Samsung's 12-layer HBM3E was reported to have passed Nvidia qualification. OpenAI planned up to $100 billion of backup-server leases over five years, while Oracle and Meta discussed a roughly $20 billion multi-year AI cloud agreement.
Xi Jinping and Donald Trump described their call as positive and constructive while discussing trade and TikTok. Earlier, White House AI adviser David Sacks warned that tighter overseas chip-sales restrictions could strengthen Chinese competitors.
President Trump signed a proclamation raising the H-1B visa fee. Kashkari said two more rate cuts could be appropriate this year, while the Senate rejected rival short-term funding bills and increased shutdown risk.
Loading the full-day price curve…
