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Nvidia surged 9% and cybersecurity names exploded higher, yet 10 of 11 S&P 500 sectors fell as yields firmed before Jackson Hole.
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Leading cryptocurrencies lifted late on Wednesday, September 16, after a House Committee moved forward with a bill to establish a Strategic Bitcoin Reserve.
Raoul Pal calls Ethereum the smart contract leader but sees Sui as his highest-conviction growth bet for the agentic AI economy.
The Dow fell more than 1% and gold swung nearly three points as the new Fed chair reiterated fight against inflation.
Crypto fell after the Clarity Act failed, but analyst Ray Salmond calls it a setback, not a derailment, as regulators may sustain adoption.
Rising AI safety concerns from tech leaders calling for slower AI development are expected to boost cybersecurity spending and investments. Major cybersecurity firms posted double-digit gains as investors recognize that securing AI infrastructure and protecting against AI-driven threats will remain critical priorities even as development pace moderates. Cybersecurity ETFs offer diversified exposure to this growing sector.
Sam Altman’s AI safety warning puts semiconductor and cybersecurity ETFs on opposite sides of Wall Street’s next big trade.