This year’s rally in technology stocks has been fueled by the artificial intelligence (AI) craze, pushing the Nasdaq 100 up close to its record high last month, even with bond yields rising. However, today’s benign U.S. July CPI report may prompt the Fed to pause its rate hike campaign, which could keep T-note yields from rising and support technology stocks. Huntington Private Bank said, “So a lot of the valuations, even though they’ve run up a decent amount, still aren’t that bad relative t growth, particularly if you know the current buzzword of the day, AI.”