Hot CPI & PPI, Rising Yields Hit AI Trade with Reality Check

Christopher Davis breaks down hotter CPI and PPI data, arguing that energy prices are driving much of the inflation pressure and could give the Fed reason to wait before raising rates in October. He sees risks in the crowded AI trade but says investors can find opportunities among AI users and beneficiaries, highlighting ASML (ASML), Apple (AAPL), Alphabet (GOOGL), Meta Platforms (META), Merck (MRK), Amgen (AMGN), Johnson & Johnson (JNJ), Amentum (AMTM) and Deere (DE). Davis also points to opportunities in health care and industrial automation while discussing the sharp moves in Treasury yields and what they signal about inflation and risk.

Opening Bell With Nicole Petallides

15 Oct 2026

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