CoreWeave earnings boost AI trade, U.S. stock futures rise collectively on Wednesday.
Original headlineCoreWeave 业绩提振 AI 交易，美股期货周三集体走高
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US equity futures rose Wednesday, with S&P 500 futures up 1% and Nasdaq 100 futures up 2% by 8:24 a.m. New York time, as better-than-expected CoreWeave earnings, anticipation of Anthropic PBC's IPO and strong OpenAI third-quarter results revived the AI trade. CoreWeave shares jumped as much as 19% premarket after the company reported revenue above estimates and issued a stronger full-year outlook than Wall Street expected. The results help ease investor concerns about the long-term sustainability of AI infrastructure growth, though the rally came despite oil prices ending a two-day slide and renewed inflation worries after US consumer price data came in above expectations, pushing Treasury yields sharply higher Tuesday and raising bets on further Federal Reserve rate hikes. The Treasury market was closed Wednesday for Veterans Day. Zacks Investment Management chief market strategist Brian Mulberry said in a note that if CoreWeave can sustain similar execution for several consecutive quarters, those market concerns would gradually fade.
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Named in this story
CoreWeave Inc. (CRWV), Anthropic PBC, OpenAI, Federal Reserve, Brian Mulberry
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