QQQ edges higher as Fed caution and AI buildout frame the divergence

QQQ finished 0.28% higher while SPY slipped 0.05%, leaving QQQ ahead by 0.33 percentage points. The Fed cut rates by 25 basis points, but Powell said another December cut was not assured. AI context ranged from planned talks over Nvidia chips with China to Amazon's Project Rainier and a 100,000-GPU Energy Department supercomputer.