Get Quartz in your inbox

Free daily briefing on global business news.

Options traders are piling into bullish AI chip bets as tech stocks rebound after Fed rate hike

Intel options volume hit nearly 3 times its monthly average Thursday as tech stocks rebounded from the Fed's first rate increase since 2023

SOPA Images / Getty Images

Options traders rushed into bullish positions in AI chip and tech stocks Thursday as markets recovered from the Federal Reserve's first interest rate increase since 2023, with Intel $INTC drawing the heaviest activity.

The Fed voted Wednesday to raise its benchmark rate by a quarter percentage point, setting a new target range of 3.75% to 4%. The decision sent volatility higher on Wednesday, but markets reversed........

© Quartz