Business · Markets · 2 hrs ago
CoreWeave results help lift AI stocks and Wall Street
U.S. stocks rose on Wednesday as AI-related shares rebounded on Wall Street.
CoreWeave, a company that rents cloud access to AI chips, led the gains after reporting a smaller quarterly loss than analysts expected.
It also raised its revenue forecast, and its chief executive said about $9 billion in customer prepayments and deposits are expected in the next three months.
Those updates helped ease worries about how AI companies will pay for costly growth as higher interest rates make borrowing more expensive.
Investors have also questioned whether AI will generate enough profit to justify the industry’s heavy spending, and whether political changes could restrict new data centres.
Other AI-linked stocks rose too, but the recovery does not remove the industry’s risks; investors are also watching for an expected U.S. interest-rate increase in December.
US stocks rebounded on Wednesday as gains in artificial intelligence shares followed CoreWeave’s results and helped ease concerns about the sector.
CoreWeave shares rose nearly 25 per cent after the company reported a smaller-than-expected quarterly loss and raised its revenue forecast for the year.
Chief executive Michael Intrator said the company expects about US$9 billion in customer prepayments and deposits over the next three months.
The S&P 500 gained about 1.3 per cent, while the Nasdaq rose; reports of strong demand for a planned Anthropic listing also lifted technology-sector sentiment.
Concerns remain about whether AI investments will generate enough profit and productivity, and about financing costs and possible restrictions on data-centre construction.
- Who
- CoreWeave and other AI-related stocks, alongside investors in US markets.
- What
- AI shares rebounded after CoreWeave reported results and raised its revenue forecast. The S&P 500 rose about 1.3 per cent.
- When
- Wednesday, November 11, 2026.
- Where
- Wall Street in New York.
- Why
- CoreWeave’s results and outlook helped ease concerns about the AI industry. Reports of strong demand for Anthropic shares also buoyed sentiment.
AI-sector optimists
AI-sector skeptics
Business outlook
AI-sector optimists
CoreWeave raised its revenue forecast, and its chief executive cited expected customer prepayments and deposits as sources of cash.
AI-sector skeptics
Investors worry that AI may not generate enough profit and productivity to justify costly investments.
Industry growth and funding
AI-sector optimists
CoreWeave’s report helped AI shares recover, while analysts said the company was progressing toward self-funding.
AI-sector skeptics
Higher bond-market interest rates could make borrowing more expensive, and concerns include possible restrictions on new data centres.
AI-related stocks suffered a sell-off amid concerns about a possible slowdown in the industry.
CoreWeave reported a smaller-than-expected quarterly loss and raised its revenue forecast for the year.
Wall Street’s AI shares rebounded, lifting the S&P 500 by about 1.3 per cent.
- CoreWeave shares
- Rose nearly 25 per cent; reports give gains of 24.7 to 25 per cent
- S&P 500
- Rose about 1.3 per cent on Wednesday
- Customer prepayments and deposits
- About US$9 billion expected in the next three months
- CoreWeave revenue outlook
- Raised its forecast for revenue this year
- Brent crude
- Reports cited prices of US$92.76 and US$94.10 per barrel after gains that varied by outlet
9 sources
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What people are saying
At CoreWeave, there is a sigh of relief