S&P 500 hits record high after July CPI data; CoreWeave stock jumps 21%

US stocks: S&P 500 ends higher as CoreWeave results fuel AI optimism

CoreWeave beats earnings and raises capex guidance; S&P 500 gains 0.26%, Nasdaq 0.55% on benign inflation and 62% odds Fed holds September rates. Sustained market enthusiasm for AI infrastructure (data centers, servers, chips) signals Q4 capex competition; IT leaders should prepare for GPU scarcity and higher procurement costs.