TLDR
- Nasdaq 100 futures rose 1.9% Wednesday after CoreWeave reported a 168% jump in quarterly revenue.
- CoreWeave shares gained 13% and its order backlog reached $132.5 billion.
- Nvidia rebounded 5% after falling nearly 10% to start the week.
- October CPI rose 0.4%, and traders see about a 90% chance of a December rate hike.
- Applied Materials and Cisco report Thursday, and the Producer Price Index arrives Friday.
U.S. stock futures climbed early Wednesday as technology shares bounced back. The move followed strong results from AI cloud provider CoreWeave. Investors had worried that demand for AI computing might be slowing.
CoreWeave said its quarterly revenue grew 168% from a year earlier. The company also reported a backlog of orders worth $132.5 billion. That gave the market a clear sign that customers are still buying AI computing power.
Futures Move Higher
Nasdaq 100 futures rose 1.9% in premarket trading. S&P 500 futures gained 0.9%. Dow Jones Industrial Average futures added about 76 points, or 0.2%.
CoreWeave shares rose 13% after its third-quarter revenue beat analyst expectations. The company also raised its 2026 guidance for revenue and operating income. Investors moved back into chip and hardware stocks that had fallen in recent sessions.
Nvidia shares jumped 5% on Wednesday. The stock had dropped nearly 10% at the start of the week after CEO Jensen Huang confirmed he had an affair with an alleged Chinese spy. That decline weighed on the broader market Tuesday.
The CoreWeave report also lifted markets abroad. South Korea’s Kospi index closed 2.6% higher. SK Hynix rose 5.36% and Samsung Electronics added 3.57%.
COREWEAVE $CRWV Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $3.66B (Est. $3.55B) 🟢; +168% YoY
🔹 Adj. Operating Income: $379M (Est. $234M) 🟢
🔹 Adj. EBITDA: $2.26B (Est. $2.04B) 🟢; +169% YoY
🔹 Adj. Net Loss: -$529M (Est. -$677M) 🟢
🔹 GAAP EPS: -$1.27Raises FY26 Guide:
🔹… pic.twitter.com/BX7yImQRo7— Wall St Engine (@wallstengine) November 10, 2026
Japan’s Nikkei 225 traded 0.85% higher. Australia’s S&P/ASX 200 gained 0.23%. Hong Kong’s Hang Seng Index fell 0.66%, and China’s CSI 300 slipped 0.39%.
In Europe, chip names moved up. Infineon advanced 6.3% and ASMI rose 5.5%. STMicroelectronics gained 4%, and ASML rose about 3%.
The pan-European Stoxx 600 was 0.29% higher. Germany’s DAX rose 0.73%, France’s CAC 40 added 0.39%, and the U.K. FTSE 100 gained 0.27%.
Inflation Data Still Weighs
Stocks ended lower Tuesday after the latest inflation report. The consumer price index rose 0.4% in October from September. Analysts had expected 0.3%, and the prior month’s increase was 0.6%.
Fed Governor Christopher Waller had warned that a core reading of 0.3% or higher would mean a 50-basis-point hike should be considered in December. He said a quarter-point move would risk the Fed’s credibility on inflation.
Treasury yields rose after the report. The 10-year yield moved close to 5.0%. According to the CME Group’s FedWatch tool, the chance of a quarter-point hike in December rose to about 90%.
Rick Rieder, chief investment officer of global fixed income at BlackRock, said a December hike is the base case for his firm and the market. He said the question now is how large the hike will be.
The U.S. bond market is closed Wednesday for Veterans Day. Two more earnings reports and one inflation reading are due later this week. Applied Materials and Cisco Systems report Thursday, and the Producer Price Index comes out Friday.
