AI capital and chip development
Nvidia planned to invest up to $100 billion in OpenAI to jointly build AI data centers. Taiwan Semiconductor and MediaTek also discussed developing next-generation chips in the United States.
Sep 22, 2025 · QQQ/SPY Market Review · 36 headlines
QQQ and SPY reverse opening losses as Nvidia-OpenAI and Fed updates fill the session
QQQ opened 0.27% below the prior close and finished up 0.48%, while SPY moved from a 0.23% opening decline to a 0.46% gain. Nvidia's planned investment of up to $100 billion in OpenAI and reports on next-generation chip development provided an AI and semiconductor backdrop. Fed officials offered differing views on inflation, labor risks and the path toward neutral rates. Late updates included xAI's Grok 4 Fast release and a reported U.S.-China Boeing order negotiation.
Published
- QQQ
- +0.48%
- SPY
- +0.46%
- QQQ − SPY
- +0.03%
What shaped the session
Fed policy path
Bostic saw little reason for additional near-term cuts. Hammack emphasized changing labor and inflation risks, while Miran argued that the policy rate should be below 3% and move toward neutral quickly.
Late corporate and cross-border updates
xAI released the Grok 4 Fast reasoning model. During overnight trading, the United States and China were reported to be in the final stages of negotiating a large Boeing aircraft order.
Key news
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