Nasdaq gains more than 1% as CoreWeave spike revitalizes AI trade

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1. 45m ago

   Nasdaq surges over 1% as CoreWeave earnings revive AI trade

   The Nasdaq Composite rose more than 1% on Wednesday, November 11, 2026, led by a sharp rally in AI-related stocks after cloud provider CoreWeave reported stronger-than-expected third-quarter revenue and raised its full-year outlook. Nvidia shares rebounded alongside other chipmakers, lifting the S&P 500 and Dow Jones Industrial Average. The gains came despite hotter-than-expected October inflation data that pushed bond yields to their largest jump in 19 months and reinforced expectations for further Federal Reserve rate hikes.

   Why it matters

   Markets had been pressured by persistent inflation readings that complicated the Fed's policy path, but CoreWeave's results eased concerns about an AI investment bubble. The company's performance is seen as a bellwether for sustained enterprise demand for GPU computing capacity. Asian markets had risen earlier on AI chip optimism even as U.S. futures initially retreated on the inflation news.

   What is confirmed

   • Nasdaq gained more than 1% on November 11, 2026, driven by AI-related stocks.
   • CoreWeave reported third-quarter revenue above estimates and increased its full-year forecast.
   • Nvidia shares rose as CoreWeave's results eased fears of an AI spending bubble.
   • October inflation data came in hotter than expected, pushing bond yields up sharply.
   • The S&P 500 and Dow Jones Industrial Average also closed solidly higher.

   Still unconfirmed

   • Jim Cramer emphasized investors need to pay attention to CoreWeave as a key AI indicator.

   What to watch next

   • Federal Reserve policy meeting schedule and rate decision signals
   • Next round of earnings from major AI infrastructure and semiconductor companies
   • November CPI and PPI inflation reports for trend confirmation
   Sources used for this update (23)

   1. 247wallst.com — 24/7 Wall St. - Insightful Analysis and Commentary for U.S. and Global ...
   2. www.cnbc.com — Oil today: Iran, US, crude, wti, brent, trump
   3. WSJ — Broad Price Pressures Persisted in October, Firming Up Case for Fed Rate Increase
   4. CNBC — Here's the inflation breakdown for October 2026 — in one chart
   5. CNN — Bond yields surge most in 19 months as traders brace for Fed rate hikes
   6. WSJ — Fed Forced to Confront Case for Bigger and Faster Rate Rises
   7. AP News — Inflation runs hotter than expected as higher prices extend beyond the gas station
   8. CNBC — Nasdaq futures jump as CoreWeave earnings beat drives global tech rebound: Live updates
   9. AP News — Asian shares mostly rise on AI chip demand despite Wall Street’s retreat on inflation data
   10. Reuters — CoreWeave sparks AI cloud stock rally, lifts Nvidia as results ease bubble fears
   11. Bloomberg.com — US Equity Futures Rise as AI Enthusiasm Counters Hot Inflation
   12. Yahoo Finance — CoreWeave stock surges as Q3 revenue beats estimates, company raises full-year outlook
   confidence 92%