Wall Street hits record highs as July CPI rises 3.4% and AI infrastructure shares rally
AI Market Summary
July CPI rose 3.4% y/y, matching expectations and lifting the implied probability of the Fed holding rates in September to ~55%, supporting risk assets. Strong AI-infrastructure momentum (CoreWeave, IREN, Applied Digital) and an upbeat Super Micro Computer revenue outlook reinforced earnings optimism, pushing the S&P 500 and Dow to record highs. Middle East-driven energy price uncertainty remains a potential macro headwind.
Impact level
● High
Affected assets
NCSISP5002USD/USDT+0.44%
AI Insight · NCSISP5002USD/USDTAI Insight
▲ Bullish
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U.S. annual CPI rose 3.4% in July, matching expectations, and traders put the odds of the Federal Reserve holding rates in September at 55%. Shares of AI infrastructure companies CoreWeave, IREN and Applied Digital climbed, while Super Micro Computer’s upbeat revenue outlook added momentum. The moves helped push both the S&P 500 and the Dow to record highs.
