The three major indexes (^DJI,^GSPC, ^IXIC) closed lower on Thursday after another hot inflation print. U.S. Bank Asset Management Group Chief Investment Officer Eric Freedman joins Yahoo Finance Live to provide insight into the market action. Addressing the AI industry, Freedman notes "a really tight supply" in AI services, stating that producers cannot get their products to market fast enough to meet the soaring demand. He further emphasizes that demand will remain steady as companies invest in becoming "bigger, stronger, faster" through the implementation of technology to increase efficiencies. Expressing optimism, Freedman declares "there is room to run" for stocks and with the Federal Reserve's anticipated rate cuts on the horizon, he views this as "a good opportunity to stay involved or get involved if you're not involved." Regarding the Chinese markets, Freedman acknowledges their upward trajectory, stating, "it's been down so much," and deems the "consolidation makes sense," despite the less-than-favorable data coming from the region. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith