Wall Street Extends AI-Led Rally as Inflation Holds Steady
AI Market Summary
US July CPI rose 3.4% y/y in line with expectations, lifting the probability of the Fed holding rates in September to 55% and supporting risk assets. AI infrastructure-linked names including CoreWeave, IREN and Applied Digital rallied, reinforced by Super Micro Computer's upbeat revenue outlook. The combination of benign inflation and strong AI capex momentum pushed the S&P 500 and Dow to fresh record highs.
Impact level
● High
Affected assets
NCSISP5002USD/USDT+0.27%
AI Insight · NCSISP5002USD/USDTAI Insight
▲ Bullish
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U.S. consumer prices rose 3.4% year over year in July, matching expectations. Market pricing now puts the probability of the Federal Reserve holding rates steady in September at 55%. Shares of AI infrastructure plays CoreWeave, IREN and Applied Digital advanced, with Super Micro Computer's upbeat revenue outlook adding momentum to the group. The moves helped lift the S&P 500 and the Dow to fresh record highs.
