Markets rose Wednesday after a cooler-than-expected August inflation report showed the PCE price index at 3.4% year-over-year, down from 3.7% in July. Nvidia is approaching its May all-time high of $236.54, having gained 15% over the past three months, and a breakout above this level could attract new buyers to the stock. Micron advanced ahead of its quarterly earnings report, with investors expecting another strong quarter as AI-driven demand for memory continues to outstrip supply. CoreWeave announced plans to deploy Nvidia’s Vera Rubin platform in its data centers, providing another vote of confidence in the chipmaker’s next-generation technology.
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