# The Epicenter of the AI Trade…. And Looking Ahead to the Fed Rate Decision 7/28/26

Page: https://stenobird.com/podcast/cnbc-s-fast-money-385199/the-epicenter-of-the-ai-trade-and-looking-ahead-to-the-fed-rate-decision-7-28-26
Text version: https://stenobird.com/podcast/cnbc-s-fast-money-385199/the-epicenter-of-the-ai-trade-and-looking-ahead-to-the-fed-rate-decision-7-28-26.md
Podcast: [CNBC's "Fast Money"](https://stenobird.com/podcast/cnbc-s-fast-money-385199)
Published: 2026-07-28T22:09:54+00:00
Episode link: https://www.cnbc.com
Audio file: https://dts.podtrac.com/redirect.mp3/cnbc.simplecastaudio.com/b7b89f33-e5b5-46a6-9e42-7f843e9567e5/episodes/bb52d48a-84ae-402c-8429-99aedd9224a3/audio/128/default.mp3?aid=rss_feed&awCollectionId=b7b89f33-e5b5-46a6-9e42-7f843e9567e5&awEpisodeId=bb52d48a-84ae-402c-8429-99aedd9224a3&feed=szW8tJ16
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Duration seconds: 2654

## Resource

All eyes on the AI trade as earnings from NXP Semiconductors and Seagate Technology Holdings report after the bell. The traders break down what the results mean for the broader tech trade, as the SMH closes out its fourth day of losses. Then, former Founder & CEO of Geometric Intelligence Gary Marcus lays out the impact of circular AI financing and whether an AI buildout could actually be profitable. Plus, how the market will react to a possible rate hike tomorrow, where retail traders are seeing opportunity, and Ford and Visa on the move after earnings. Fast Money Disclaimer

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