Picture the week as a party that got shut down right as it was getting good. Nvidia, Salesforce, and CrowdStrike all reported earnings Wednesday night, and the numbers were the kind that make traders spill their coffee. Thursday, stocks partied like it was 2021. Then Friday morning, the new Fed chair walked up to a podium in Wyoming and quietly turned the lights on. Nothing got canceled, exactly. But the mood in the room changed fast, and by the end of the day investors were betting on something almost nobody expected two weeks ago: a rate hike instead of a rate cut. Here’s how a genuinely great week for corporate America collided with a genuinely uncomfortable one for the Fed, and what to make of it. 📊 What’s happening Let’s start where the week started: chip stocks getting sold. On Monday and Tuesday, Intel dropped 5%, AMD fell 4%, and Taiwan Semiconductor slipped 3%, even though nothing had actually gone wrong yet.