Stock Market Hits Highs; Cisco, Sandisk Key Movers: Weekly Review

US stocks gained amid an earnings boost and in line CPI data - Newsquawk Daily Asia-Pac Market Open

Nasdaq outperformed on strong AI chip earnings (CoreWeave, SMCI, Lumentum, Nebius) while July CPI matched expectations. Softer inflation outlook reduces Fed tightening urgency, easing capex pressure and supporting AI infrastructure budgets.