On Wall Street, typically, all eyes are about the Federal Reserve, but the Fed’s interest rate decision to maintain the standard lending rate near zero on Wednesday went almost unnoticed as a unparalleled hearing on Capitol Hill about Big Tech’s energy unfolded.Ironically, Big Tech just got larger as the trading day wore on; stocks in all four of those firms whose CEOs were testifying – Amazon (ticker: AMZN), Alphabet (GOOG, GOOGL), Facebook (FB) and Apple (AAPL) – climbed by more than 1% on Wednesday.The Dow Jones Industrial Average climbed 160 factors, or 0.6%, to finish at 26,539. Tech CEOs perform defense. The U.S. House Judiciary Committee entertained for hours Wednesday that the CEOs of those formerly mentioned Big Tech businesses. In queries that ranged from calendars, election hindrance into commercial associations with China’s army, the executives painted their businesses as big but impartial players in a capitalist marketplace, themselves facing extreme competition.The CEOs of Amazon, Alphabet and Facebook took their brunt of the grilling. Apple CEO Tim Cook appeared to have it somewhat simpler than the other Large Tech CEOs, that appeared remotely through live video, though Cook did face some tough questioning on the problem of Apple’s App Store. A tale of 2 processor businesses. Shares of chipmaker AMD (AMD) hit a record high on Wednesday after reporting a blowout quarter and a rosy outlook for the remainder of the year. A spate of analyst updates followed as AMD’s outcomes appeared more remarkable in light of Intel Corp.’s (INTC) devastating statement that its next-generation 7-nanometer chips could be postponed. Nanometers refer to the magnitude of transistors on chips; the constant decrease in transistor size is fundamental to the rapid evolution of technology over the years, as the greater the transistor count each processor, the more efficient and powerful technology becomes. XNAS: AMD | 4:00:00 PM67.61price (usd)Information at 4:00:00 PM on 7/29/2020AMD has a 7-nanometer chip in the marketplace. Shares surged over 12% on Wednesday as the company seems to have obtained a purposeful technological lead over longstanding semiconductor giant Intel.