Hot CPI Sends Bitcoin and Tech Stocks Tumbling. What’s Next for NVIDIA, Tesla and the Nasdaq?

1. Hot Inflation Shakes Wall Street

The U.S. September Consumer Price Index (CPI) rose 3.7% year over year, above expectations of 3.6% and August’s 3.4%. Monthly inflation reached 0.6%, driven partly by rising energy prices.

The report renewed concerns that the Federal Reserve may keep interest rates elevated or tighten monetary policy further.

Higher borrowing costs and valuation concerns weighed particularly heavily on technology and AI infrastructure stocks.

2. NVIDIA, AMD and Oracle: Why AI Stocks Are Under Pressure

The selloff extended across the AI ecosystem.

The concern goes beyond inflation.

AI data centers require substantial investment in GPUs, memory, electricity, and financing. Higher interest rates can make these projects more expensive, potentially affecting future orders.