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JPMorgan Chase & Co added 1.1%, Bank of America climbed 1.6%, Wells Fargo advanced 1.5% after the big banks lowered their respective prime rates. Citigroup also rose 1.5% after cutting its base lending rate. Dell added 2.8% after declaring a quarterly cash dividend.

The central bank's decision to slash borrowing costs by 50 basis points is easing concerns about the economy. That could lift the AI trade.

It’s Fed decision day—and it'll be difficult for the chip maker's shares to make gains until investors have more clarity about the central bank's next move.

Are these two high-growth artificial intelligence (AI) stocks the next Nvidia? For much of the last two years, no trend has captivated the attention of investors quite like artificial intelligence (AI).