Fed commentary could give a further shot in the arm to AI names that have been market leaders, but the broader semiconductor sector still faces challenges and skepticism.

The chip maker's shares have tended to pop after the Federal Reserve cuts interest rates, judging by data stretching back to 1999.

Tom Lee, Fundstrat Global Advisors co-founder and head of research, joins CNBC's 'Power Lunch' to discuss how the Fed's rate cut decision may impact markets over the next few months, how investors should position themselves,