Inflation Cools and AI Stocks Heat Up
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What did the latest CPI report reveal about inflation trends?
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Here's your morning bell brief for Wednesday, August 12th. I'm Pierre Bienemet for The Wall Street Journal. U.S.
How did CoreWeave’s earnings drive its shares up nearly 20%?
stocks finished mixed today, and government bond yields edged lower after inflation cooled modestly in July. Consumer prices increased 3.4% year over year and 0.1% on a month-over-month basis. The Nasdaq rose about half a percent, the SP 500 roughly a quarter percent, and the Dow fell just 0.04%. Meanwhile, oil prices swung between small gains and losses. Brent crude settled just below $89 a barrel.
Why did Super Micro Computer’s stock surge after its Q4 sales jump?
And stocks found support from companies tied to AI. Among individual companies, the cloud computing company Coreweave saw its shares jump nearly 20% after it posted its fifth straight quarter of record revenue. Supermicrocomputers' shares also rose almost 20%, after the company reported sales that nearly doubled in its fourth quarter. Shares in Foxconn, the Taiwanese electronics maker, climbed over two and a half percent after it reported another strong quarter as it boosted production of servers for the global AI build out.
What other AI‑related companies showed strong performance today?
And outside of tech, investors were hungry for kava. Shares climbed over fourteen percent after the Mediterranean fast food chain reported higher customer traffic boosted its profit in the second quarter. Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor. We'll have more coverage of the day's news on the WSJ's What's News podcast. Listen and subscribe wherever you get your podcasts.
How is AI technology being used to produce this podcast episode?
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Chapters
5 chapters
1
What did the latest CPI report reveal about inflation trends?
0:00–0:40
2
How did CoreWeave’s earnings drive its shares up nearly 20%?
0:40–1:06
3
Why did Super Micro Computer’s stock surge after its Q4 sales jump?
1:06–1:35
4
What other AI‑related companies showed strong performance today?
1:35–2:02
5
How is AI technology being used to produce this podcast episode?
2:02–2:27