Inflation? What inflation? We all know Wall Street has a knack for ignoring things they don't like but this is still something that jumps out of the page. After yesterday's rather unpleasant US inflation data and another tech selloff, dip buyers are already queuing up to pile back into the market today. S&P 500 futures are up 0.7% while Nasdaq futures are gaining 1.5%, with a rebound in tech shares helping to lift the mood ahead of the opening bell later in the day.And of all places, much of the optimism is coming from CoreWeave funnily enough.The AI cloud provider had found itself at the centre of growing AI bubble concerns over the past month or so but suddenly that seems to be forgotten - at least for a little while. The company reported a whopping 168% jump in quarterly revenue and shares are up as much as 14% ahead of the open later, offering some relief after a punishing 40% slide since the start of October.But perhaps more importantly, its $132.5 billion revenue backlog suggests that customers are still lining up for AI computing capacity. And management also sees a path towards adjusted profitability in 1H 2028, although that's still quite some distance away.Meanwhile, we're also seeing Nvidia shares find some stability after two days of steep losses wiped roughly $430 billion off its market value. The controversy surrounding CEO Jensen Huang and his reported relationship with a suspected Chinese spy remains unresolved, but bargain hunters appear to be willing to look past the uncertainty for now. Nvidia shares are up roughly 3% in pre-market for now.Besides that, Anthropic is also seen pushing ahead with its IPO plans, targeting a valuation of up to $1.4 trillion. And when you put all of that together, there's enough excitement to get the AI trade buzzing again.All that being said though, I would be careful about getting too carried away with the bounce we're seeing.Just keep in mind that the rebound today comes without the US bond market participating, owing to the Veterans Day holiday. And after yesterday's hotter inflation report sent 2-year Treasury yields surging towards 4.74% and 10-year yields back towards 5%, the underlying threat hasn't gone anywhere just yet.As a reminder, higher borrowing costs are particularly uncomfortable for heavily indebted AI infrastructure companies and rising yields also make expensive growth-stock valuations harder to justify.As such, a continuation in the bond market selloff i.e. higher Treasury yields could very well pour cold water on the recovery plot we're seeing today. And we'll only get a better sense of that come tomorrow when fixed income traders return to their desks.For now, equities might be enjoying a bit of a party today. But when the bond market returns tomorrow and if yields resume their climb, the latest tech rebound is going to be dealing with a rather rude awakening in the second half of the week. This article was written by Justin Low at investinglive.com.