CoreWeave stock pops 13% after outlook raise eases AI slowdown concerns
The AI cloud company raised its full-year outlook and said revenue climbed 168% to $3.66 billion, easing concerns about demand and debt.
- Nasdaq 100 futures rose 2% on Wednesday, driven by strong performance from CoreWeave Inc., OpenAI, and intense demand for the upcoming Anthropic IPO.
- CoreWeave jumped 15% in early trading after reporting better-than-expected revenue and adjusted operating margins of 10.4%, easing fears about its debt-laden business model.
- Orders for the upcoming Anthropic IPO reached multiple times the available shares, according to people familiar with the matter, alongside OpenAI's quarterly revenue hitting $10 billion for the first time.
- S&P 500 futures rose 1% as broader markets tracked tech gains, while the cash Treasury market remained closed today in observance of Veterans Day.
- Jack Selby of venture capital firm Copper Sky warned the IPO could trigger a major reversal in the AI trade, with eventual lockup expirations potentially pressuring share prices.
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49 Articles
Wall Street with Markus Koch from 11.11.2026
On the 11th (local time), the three major stock indices of the New York stock market opened higher but are showing mixed trends. Investor sentiment toward tech stocks improved after Coreweave, a neocloud provider that had fueled concerns over AI infrastructure investment, announced earnings that exceeded market expectations. As of 9:43 a.m. on the New York Stock Exchange, the Dow Jones 30 Industrial Average was down 15.51 points (0.03%) from the…
The Detroit News
S&P 500, Nasdaq rise as CoreWeave results ease AI spending worries
Wall Street recovers from yesterday's losses caused by the fall of Nvidia and the outlook for rates in the United States.
CoreWeave earnings are breathing new life into the AI trade
CoreWeave stock soared on Wednesday after the company reported Q3 results.Michael Nagle/Bloomberg via Getty ImagesCoreWeave is igniting a fresh rally in the AI trade on Wednesday. The stock is rallying after solid Q3 earnings, boosting fellow neoclouds. Data center operators have been among the most heavily beaten-down parts of the AI trade lately. CoreWeave is trying to mount a comeback after weeks of stock losses driven by concerns about its d…
The New York Stock Exchange opened up on Wednesday, driven by a renewed interest in artificial intelligence (AI) values with the welcome to CoreWeave's results, an actor...
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