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● LIVE Updated 1h ago · 10 sources tracked

AI stocks rebound, and Wall Street nearly returns to where it was before last week’s sell-off

U.S. equity futures rose Sunday evening as CoreWeave's strong quarterly report and raised outlook sparked a rally in AI-related shares, led by Nvidia. The bounce recovered much of last week's sell-off triggered by hot inflation data that pushed the 10-year Treasury yield toward 5%. CoreWeave shares surged on Q3 revenue that beat estimates and a higher full-year forecast, easing concerns about AI infrastructure spending. Meanwhile, bond markets priced in a near-certain December Fed rate hike, limiting the equity advance.

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  • ✓ CoreWeave reported Q3 revenue that beat estimates and raised its full-year outlook.
  • ✓ Nvidia shares rose in premarket trading following CoreWeave's results.
  • ✓ The 10-year Treasury yield approached 5% amid hot inflation data.
  • ✓ U.S. equity futures for the Dow, S&P 500, and Nasdaq rose Sunday evening.
🛡️ Source Corroboration: 10 independent reporting domains (88% confidence) ⏱ Read time: ~2 min

What changed

CoreWeave reported Q3 revenue above estimates and raised its full-year outlook, triggering a premarket rally in AI cloud and chip stocks that offset inflation-driven yield pressure.

Live updates

  1. AI stocks rebound as CoreWeave results lift sector, inflation fears cap gains

    U.S. equity futures rose Sunday evening as CoreWeave's strong quarterly report and raised outlook sparked a rally in AI-related shares, led by Nvidia. The bounce recovered much of last week's sell-off triggered by hot inflation data that pushed the 10-year Treasury yield toward 5%. CoreWeave shares surged on Q3 revenue that beat estimates and a higher full-year forecast, easing concerns about AI infrastructure spending. Meanwhile, bond markets priced in a near-certain December Fed rate hike, limiting the equity advance.

    Why it matters

    Last week's consumer price index report reignited fears of persistent inflation, driving yields higher and pressuring growth stocks. The AI trade, which led the market's 2024 gains, was particularly vulnerable to higher discount rates. CoreWeave's earnings provided the first major test of whether AI demand remains intact amid tightening financial conditions. The company's performance is seen as a bellwether for Nvidia and the broader AI chip ecosystem.

    What is confirmed

    • CoreWeave reported Q3 revenue that beat estimates and raised its full-year outlook.
    • Nvidia shares rose in premarket trading following CoreWeave's results.
    • The 10-year Treasury yield approached 5% amid hot inflation data.
    • U.S. equity futures for the Dow, S&P 500, and Nasdaq rose Sunday evening.

    Still unconfirmed

    • Markets price a 100% probability of a 25 basis point Fed rate hike in December with a 10% chance of 50 basis points.

    What to watch next

    • December Federal Reserve policy meeting rate decision
    • Nvidia's upcoming quarterly earnings report
    • Next CPI and PPI inflation releases
    Sources used for this update (16)
    1. finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance News
    2. Reuters — Bonds reel as hot inflation fuels jumbo Fed hike fears
    3. AP News — Asian shares mostly rise on AI chip demand despite Wall Street’s retreat on inflation data
    4. CNBC — Stocks making the biggest moves premarket: CoreWeave, Nvidia, NextNav & more
    5. Reuters — CoreWeave sparks AI cloud stock rally, lifts Nvidia as results ease bubble fears
    6. Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures rise as Nvidia stock recovers, 10-year yield nears 5%
    7. Reuters — Wall Street set for higher open as CoreWeave results temper AI spending concerns
    8. Bloomberg.com — US Equity Futures Rise as AI Enthusiasm Counters Hot Inflation
    9. Yahoo Finance — CoreWeave stock surges as Q3 revenue beats estimates, company raises full-year outlook
    10. Barron's — Nvidia, CoreWeave, Nebius, Teradyne, Riskified, and More Stocks That Explain Today’s Market
    11. WSJ — What’s Moving Markets Today?
    12. WSJ — CoreWeave Jumps, Boosting the AI Trade
    confidence 88%
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