TECL is trading 4.9% higher today after August CPI matched forecasts at 3.4%, easing immediate fears of an upside inflation surprise and supporting risk appetite.
- The Nasdaq Composite and S&P 500 are both up 1.07%, indicating broad market relief rather than an isolated technology-sector catalyst.
- Technology remains sensitive to Treasury yields.
- NVIDIA faces a DOJ antitrust probe involving its $17 billion-$20 billion Groq licensing arrangement, partially offsetting semiconductor exposure.