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How Hot CPI and Nvidia’s Surge Drove a Tech-Led Nasdaq Bounce — Market Wrap May 13
Today's AI insights from 7horns.ai reveal a resilient market response to a hotter-than-expected 3.8% year-over-year CPI reading, with the Nasdaq 100 futures leading gains at +0.82%. Despite inflation concerns, tech stocks staged a notable recovery after yesterday's semiconductor sell-off. Nvidia extended its rally, climbing 2.5%, while Qualcomm rebounded sharply from an 11% drop to gain 4.77% in pre-market trading. Tesla also showed strength, rising 1.14%. Meanwhile, energy markets remain supported by Middle East tensions, pushing crude oil above $100 per barrel and lifting the USO ETF by…
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