MTUM is trading at $319.58 (+1.54%) as July PPI was flat month-over-month versus a 0.2% expected increase, easing rate-hike concerns and supporting growth stocks.
- The Nasdaq Composite rose 0.83%, confirming broad technology-led risk appetite.
- Semiconductor and AI-infrastructure shares strengthened, with Micron gaining more than 5% intraday.
- NVIDIA’s $500 billion financing initiative reinforced confidence in sustained AI infrastructure spending.