AI optimism lifts markets as CoreWeave shines
TL;DR Summary
U.S. stocks rose on upbeat CoreWeave results and AI infrastructure momentum, with the S&P 500 up about 0.3% to roughly 7,751 and the Nasdaq higher as AI peers rallied (CoreWeave up ~19%, Nebius ~28%, Super Micro up ~18%; Nvidia and Micron also higher). Eight of 11 sectors gained, led by tech, while July inflation was mild and gasoline fell, reinforcing bets the Fed will hold rates in September (roughly 62% odds). The Dow inched higher as investors priced in a steady monetary path amid continuing AI enthusiasm.
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- Strong AI earnings put EM stocks on even keel ahead of US inflation data TradingView
- Wall Street points to a higher open ahead of critical July inflation data Traverse City Record-Eagle
- S&P 500 rises as CoreWeave results fuel AI optimism StreetInsider
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