AI Stocks Surge as Inflation Slows | Australia News

AI stocks are soaring after strong earnings reports, with Super Micro Computer and CoreWeave crushing targets and Nvidia riding the wave—fueling broader market gains. Meanwhile, inflation cooled slightly to 3.4%, offering the Fed potential breathing room and lowering odds of another rate hike. But not all sectors are smiling: homebuilder stocks took a hit as higher mortgage rates weigh on the housing market, reminding investors that economic momentum isn’t evenly distributed. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4628aa2e69306e25