Inflation Data
-
Intel and Nvidia Drive AI Trade, Fueling Market’s Inflation Moderation Last Week
Wall Street achieved a record week, driven by a surge in AI financing and moderating inflation data. Key developments included Intel’s $20 billion AI investment and Nvidia’s $500 billion initiative to finance AI compute as an asset class. Cooling inflation reports eased fears of a September Fed rate hike, boosting market sentiment. While the S&P 500 and Nasdaq saw gains, the Dow Jones declined.
