Nasdaq Charges Higher on July CPI; CoreWeave Soars
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- Nasdaq charged higher after the July inflation report showed consumer prices rose 0.1% month-over-month, in line with expectations, keeping the annual rate at 3.4%
- CoreWeave, a Nvidia partner, soared as Wall Street rose near a record and AI stocks climbed on easing inflation worries
Why it matters: The in-line 0.1% July CPI print and steady 3.4% annual rate were enough to quiet inflation fears and push Wall Street to near-record territory. CoreWeave's outsized gain signals Nvidia's AI infrastructure partners—not just the chipmaker—are now the trade's highest-velocity winners.
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