Strong AI earnings lift S&P 500, Nasdaq as inflation data calms rate-hike jitters
By Avinash P and Purvi Agarwal Aug 12 (Reuters) - The S&P 500 and the Nasdaq rose on Wednesday as upbeat earnings from AI infrastructure firms boosted technology stocks, while largely in-line inflation data reinforced bets the U.S. Federal Reserve will hold interest rates steady in September.