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AI Stocks Rally as Inflation Cools | Tulsa News
Description
Asian markets surged on Wall Street’s AI-driven rally, with Japan’s Nikkei up 1.6% and South Korea’s Kospi soaring 3.9%, as investors demand proof that tech giants’ high valuations are backed by real profits. U.S. inflation cooled slightly to 3.4%, easing fears of runaway costs and pushing Treasury yields lower. Oil dipped to $82.22/barrel, while the dollar edged higher vs. the yen and lower vs. the euro—fueling global optimism as AI earnings and inflation trends keep markets on edge.
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