The Tech Sector Celebrates the Comeback of the AI Trade and Lifts Wall Street Back Towards Record Highs as Precise U.S. Inflation Cools Bets on a Fed Rate Hike in September – CoreWeave and Super Micro Ignite New AI Euphoria with Margin Turnarounds and Bold Outlooks while the DAX Gives Back Gains After Setting a New Record and Defense Stock TKMS Soars Over 10%

USA & MACRO-ENVIRONMENT Wall Street Returns to Risk-On Mode The S&P 500 is trading +0.24% close to its record high, while the technology-heavy Nasdaq 100 rises more strongly at +0.82%. The catalyst for this movement is a revived AI trade, fueled by strong quarterly results from the data center and server segment. Additional tailwinds come from precisely measured inflation: the core consumer price index rises by 0.2% compared to the previous month and 2.5% year-over-year – the slowest increase since March 2021. The total rate climbs...