Apple and Alphabet each gained more than 2% in morning trading as softer-than-expected inflation data boosted demand for growth-oriented technology shares. Nvidia, Amazon and Microsoft rose about 1.5%, while the iShares Expanded Tech-Software Sector ETF advanced 1.3% and the iShares Semiconductor ETF fell 0.2%. The move reduced concerns that the Federal Reserve may raise interest rates at its October meeting, supporting growth stocks because stable borrowing costs increase the present value of future earnings. Market participation remained uneven, with investors favoring selected growth and momentum names over the broader market while value-oriented sectors lagged. The article first appeared on GuruFocus, which also flagged three warning signs for Microsoft and promoted a free DCF calculator for assessing whether Apple is fairly valued.