The Fed has raised interest rates for the first time in three years, reopening the rate hike cycle. After the 25 basis points landed, the dot plot suggests there might be one more hike this year. The US Dollar Index is back above 100, the 10-year Treasury yield remains near 5%, and US stocks have fallen for the third consecutive day. But AI hardware is holding strong: NVIDIA, AMD, optical communications, and computing power leasing are bucking the trend and gaining. Funds haven’t completely pulled out of AI; they’re just starting to shift focus. Next up: the Bank of Japan and US stock market’s 'Triple Witching Day.' This week’s volatility isn’t over yet.