Large-cap tech stocks including Apple Inc AAPL.O and Microsoft also gained 1.04% and 1.73%, respectively. By Carolina Mandl and Shristi Achar A May 10 (Reuters) - The Nasdaq ended Wednesday at its highest intraday level in more than eight months, boosted by a slightly lower-than-expected increase in April inflation and Alphabet Inc's GOOGL.Olatest artificial intelligence rollout. The Labor Department's Consumer Price Index (CPI) rose 4.9% in April from a year ago, compared with expectations of a 5% increase, raising hopes that the Federal Reserve's interest rate hiking cycle is close to an end.