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CoreWeave stock pops 13% after outlook raise eases AI slowdown concerns
- On Wednesday, the Nasdaq Composite gained 1.16% as technology stocks led a market rebound, with Nvidia shares rising 3.7% and CoreWeave jumping more than 15% after posting better-than-expected third-quarter revenue.
- Market volatility followed Tuesday's hotter-than-expected inflation data, which pushed the 10-year Treasury yield above 5%, while Nvidia's board launched an investigation into CEO Jensen Huang after revelations of an affair with an alleged Chinese spy.
- CoreWeave's boost in its 2026 revenue outlook bolstered sentiment across AI infrastructure stocks; Nebius Group and Applied Digital rose 12.5 per cent and 5.2 per cent respectively.
- Federal Reserve rate hike expectations for December intensified as BlackRock Chief Investment Officer Rick Rieder said "higher than desired levels of inflation" should keep the Fed dissatisfied with progress on inflation.
- Global markets also rose Wednesday, with Germany's DAX climbing 0.7% and Brent crude rising 1.9% to $93.22 a barrel, though Brent remains well below $100 amid ongoing Middle East conflict.
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Wall Street with Markus Koch from 11.11.2026
·Düsseldorf, Germany
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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+2 Reposted by 2 other sources
S&P 500, Nasdaq rise as CoreWeave results ease AI spending worries
·Detroit, United States
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Total News Sources88
Leaning Left10Leaning Right14Center22Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 22%
C 48%
R 30%
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