US Futures Climb and Nvidia Shares Stabilize in a Brutal Week for the Chipmaker
Nasdaq futures rose 1.9% as CoreWeave’s revenue beat revived the artificial-intelligence trade, while Nvidia fell 5.5% on renewed pressure.
- Nasdaq futures climbed 1.9% on Wednesday as CoreWeave shares jumped more than 15% following a strong third-quarter revenue report that beat analyst expectations.
- Nvidia shares pulled back 5.5% as CEO Jensen Huang's affair with an alleged Chinese spy weighed on the stock for a second consecutive session, with President Donald Trump confirming an FBI investigation.
- Consumer inflation data upended markets Tuesday, sending the 10-year Treasury yield charging above 5% and raising December rate hike expectations to about 90%, per CME Group's FedWatch tool.
- Rick Rieder, CIO of global fixed income at BlackRock, wrote that "hiking the Fed Funds policy rate in December is our and the market's base case" due to lackluster inflation progress.
- Brent crude remains below $100 a barrel at $93.22, as President Donald Trump stated late Monday that the war in Iran is "militarily effectively over.
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We are living through volatile days on the stock market, with the technology sector in the US under pressure, especially after the midterm elections, and then the scandal surrounding Nvidia added to this. On Tuesday, higher-than-expected US inflation data also worsened the mood, as it increased the chance of a Fed rate hike in December. Today, in comparison, there is a significant improvement in mood, partly driven by CoreWeave's flash report. T…
US futures climb and Nvidia shares stabilize in a brutal week for the chipmaker
U.S. futures are rising as Nvidia's shares look to rebound and Brent crude remains below $100 a barrel. Futures for the S&P 500 gained 0.9% on Wednesday, while those for the Dow Jones Industrial Average edged up 0.2%. Nasdaq futures climbed 1.9%.
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BITRSS🚨 The Nasdaq 100 futures index rose 2% as buying in AI stocks accelerated. 📈 CoreWeave announced strong revenue growth, while Bitcoin remained below $74,000 after testing its 200-day moving average at $73,116, with $BTC experiencing a limited recovery. 🧠 The IPO valuation option for Anthropic exceeding $1.5 trillion supported optimism in the sector. Read More: Technology stocks recover on AI optimism, Nasdaq futures index rises The article "T…
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