Dow Jones Futures Rise With CPI Inflation Due; AI Stocks Rally As 3 Nvidia Partners Lead Earnings Movers The Dow Jones futures' modest rise on Wednesday morning is a telling sign of the market's priorities.
While investors and analysts are bracing for another increase in prices, thanks to the July CPI inflation report due before the open, tech stocks – particularly those in the AI sector – are rising with abandon.
One explanation for this paradox lies in the recent earnings reports from Nvidia partners Lumentum, Super Micro Computer, and CoreWeave.