Mumbai, Aug. 13 -- Wall Street finished just shy of a record Wednesday after several AI stocks reported better growth for the spring than analysts expected while a report showed inflation across the United States was slightly less bad last month.

The S&P 500 rose 0.3% for its first gain since setting its all-time high on Friday. The Dow Jones Industrial Average dipped 21 points or less than 0.1% and the Nasdaq composite climbed 0.5%.

AI technology business stocks helped lead the way after strong profit reports bolstered hopes they can continue to deliver big-enough growth to justify the huge gains their prices have made. Super Micro Computer jumped 19% after reporting earnings per share for the latest quarter that were 84% higher than a...