Wall Street gains on AI stocks and inflation data

U.S. stock indices rose slightly after the release of moderate inflation data for July, with the S&P 500 increasing by 0.3% and the Nasdaq by 0.5%, while the Dow Jones remained unchanged. The data aligned with expectations, as the monthly Consumer Price Index rose by 0.1%, and the annual inflation rate reached 3.4%. These figures suggest inflation remains stable, leading to increased odds that the Federal Reserve will keep interest rates steady at 3.50% to 3.75%, with the likelihood of holding rates unchanged rising to 60% from over 45% a week earlier. Additionally, earnings results from AI companies "Core WAVE" and "Super Micro Computer" boosted their shares, with "Core WAVE" soaring by 18% and "Super Micro" up by 17%, supported by strong profit and revenue forecasts for the first quarter.

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