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July CPI lands on target as CoreWeave signals booming Nvidia demand

8/12/2026

The July Consumer Price Index came in line with forecasts, removing one source of uncertainty for markets.

CoreWeave's earnings report added a different kind of signal on Wednesday: demand for Nvidia chips is booming, and that puts AI infrastructure spending at the center of the market conversation in a way that a benign inflation print alone could not settle.

What a matched inflation print actually settles When the CPI lands on forecast, the immediate read is relief. The read-through is narrower than that.

A matched print removes the risk of a downside shock, but it does not confirm that the inflation picture has materially improved. The data tells markets what did not happen.

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