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US inflation jumps to 3.8% as energy costs surge from Iran war BBCCPI Report Live Updates: Inflation Accelerates After Weeks of War in Iran The New York Times'A miserable number': Iran war and AI spending drove inflation to a 3-year high FortuneConsumer prices rose 3.8% annually in April, the highest since May 2023 CNBCUS inflation rose to 3.8% in April, eroding Americans' paychecks CNN
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The AI trade looks frothy and extended right now.
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Analysts note "buyer exhaustion" and market concerns about what the latest inflation data may mean for future data-center spending commitments.
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Bankers were on track for a bumper year until war broke out in February
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