{
  "id": 19502283,
  "title": "Wall Street set for higher open as CoreWeave results temper AI spending concerns",
  "url": "https://urgent.news/2026/11/11/wall-street-set-for-higher-open-as-coreweave-results-temper-ai",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-11T13:54:18.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/sp-500-nasdaq-futures-rise-after-coreweave-soothes-ai-spending-fears-5018288"
  },
  "original_language": "en",
  "account": "US stock indexes were poised for a higher opening on Wednesday following CoreWeave's robust earnings report, which alleviated investor concerns over excessive AI spending. CoreWeave's shares surged over 15.6% in premarket trading after the company projected profitability in the first half of 2028 on an adjusted basis. This positive outlook, driven by strong demand and customer commitments, sought to reassure investors about the viability of debt-fueled expansion in the AI sector. Analyst Steve Sosnick of Interactive Brokers noted that the earnings report helped mitigate some of the skepticism surrounding AI investments. The results also buoyed sentiment across AI infrastructure stocks, with Nebius Group and Applied Digital climbing 13.9% and 10.1%, respectively. As equities navigated a tug of war between worries over slower data center deployment, higher interest rates, and Nvidia's troubles, they were further supported by renewed interest in beaten-down AI stocks. Dow E-minis climbed 153 points, S&P 500 E-minis rose 72.75 points, and Nasdaq 100 E-minis gained 547.75 points at 8:26 a.m. ET. Nvidia rebounded 3.7% in premarket trading after a $430 billion drop over two sessions, following questions about CEO Jensen Huang's relationship with a businesswoman suspected of being a Chinese spy. Other chipmakers, Marvell Technology and Micron, also rebounded by 9.1% and 7.4%, respectively. Investors also examined Anthropic's terms for its landmark IPO, aiming for a valuation of up to $1.4 trillion. Hotter-than-expected inflation data on Tuesday reinforced expectations of an interest rate hike by the US Federal Reserve next month, with a 50 basis points increase being a possibility if the October inflation data worsened. Fed Governor Christopher Waller suggested that a tamer approach could undermine the Fed's credibility in fighting inflation. Traders viewed a rate hike as almost certain, with an 11.5% chance of a half-percentage-point increase according to the CME FedWatch tool. Meanwhile, oil prices climbed more than 1% from the previous session's two-month lows after Iran's security chief stated that Tehran would not allow enriched nuclear material to leave the country. The US bond market was closed on Wednesday for Veterans Day.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "CoreWeave stock pops 16% after outlook raise eases AI slowdown concerns",
        "url": "https://urgent.news/2026/11/11/coreweave-stock-pops-16-after-outlook-raise-eases-ai-slowdown-concerns",
        "published": "2026-11-11T09:05:05.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}