🟢 Tech ETF (XSD) is trading 2.46% up today as July CPI matched expectations

XSD is trading 2.46% higher as July CPI increased 0.1% month over month and 3.4% year over year, matching expectations and reducing immediate Fed-hike concerns.

• The AI trade is adding sector-specific momentum, with strong CoreWeave and Super Micro Computer results reviving enthusiasm for infrastructure stocks.
• Nvidia’s proposed $500 billion financing initiative supports broader semiconductor and data-center demand.
• The Nasdaq is up 0.69%, reinforcing the technology-led advance.