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CoreWeave Stock Soars On Q3 Beat, Lifts Chip Stocks
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
US stock futures climbed on Wednesday as strong results from CoreWeave sparked a global tech recovery. Nasdaq-100 futures rose 1.9%, S&P 500 futures gained 0.9% and Dow futures added 76 points. CoreWeave jumped 13% before the open after beating third-quarter revenue forecasts and raising its 2026 revenue and operating income outlook. Nvidia rose 5%, bouncing back after losing nearly 10% earlier in the week over CEO Jensen Huang’s affair with an alleged Chinese spy. The rally spread worldwide. South Korea’s Kospi closed 2.6% higher, led by SK Hynix and Samsung, while Infineon gained 6.3% and ASML rose about 3% in Europe. Rate fears remain. Tuesday’s October CPI rose 0.4% month on month, above expectations, lifting odds of a December Fed rate hike to about 90%. US bond markets are closed for Veterans Day.
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