Tech Momentum Sustains Nasdaq Rally Amid Mixed Inflation Data

The Nasdaq-100 extended its winning streak today, driven largely by a surge in semiconductor stocks. KLA and Kulicke & Soffa saw significant price jumps, reflecting continued investor appetite for chip-sector infrastructure and manufacturing equipment. This rally occurs against a backdrop of disappointing inflation data, which typically pressures equity markets. However, the Dow Jones Industrial Average managed to climb, suggesting a decoupling of current market sentiment from immediate macroeconomic headwinds. In the specialized tech space, CoreWeave experienced notable price swings following the announcement of a strategic deal with Meta. This volatility highlights the market's sensitivity to AI-infrastructure partnerships and the scaling of compute capacity. The resilience of the tech sector, particularly in the semiconductor space, indicates that growth expectations for AI and chip production are currently outweighing concerns over persistent inflation. Traders are closely monitoring whether this momentum can be sustained if inflation remains sticky in the coming weeks.