Wall Street: Inflation pressure eases, AI demand exceptionally strong

The Wall Street starts positively in trading, after consumer prices for July were within expectations and cooled down compared to June. This keeps the hoped-for disinflation intact. Additionally, the risk of a Fed rate hike in September continues to decrease, which particularly strengthens tech and growth stocks. Even before the data, semiconductor and AI stocks led the futures.

In the AI sector, quarterly figures confirm an enormous demand, but also a huge capital requirement: server provider Super Micro surprises with an extremely strong outlook, technology company Lumentum beats expectations and benefits from the expansion of optical infrastructure. AI cloud company Coreweave reports growing demand, but plans investments of $35 to $39 billion for 2026 with only $12.4 to $13.2 billion in revenue.

Cloud provider Nebius presents a similar picture: revenue increases by 454 percent and EBITDA significantly exceeds expectations, while investments explode to around $5.65 billion. This corresponds to almost ten times the quarterly revenue.

Nvidia's financing package of $500 billion continues to cause discussions: according to reports, the chip conglomerate could secure up to 25 percent of individual projects contrary to the original presentation, which accelerates the debate about circular financing and the sustainability of the AI boom. Overall, Wall Street gets exactly what it wanted to see today: decreasing inflationary pressure with simultaneously still exceptionally strong AI demand.

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