Nasdaq futures rise nearly 2% on CoreWeave earnings
In short
Nasdaq futures climbed nearly 2% after CoreWeave’s earnings helped ease worries about AI spending. S&P 500 futures also gained, and CoreWeave said it expects to turn profitable by the first half of 2028.
The move mattered for tech stocks like Nvidia, which bounced after a sharp drop. Inflation data also pushed up bets on US rate hikes.
What the reporting says
Nasdaq futures rose nearly 2% after CoreWeave's earnings report eased fears about AI spending, with S&P 500 futures also advancing. The company said it expects to become profitable by the first half of 2028, helping calm investor worries over heavy AI investment costs. Nvidia shares also rebounded after a sharp drop, while inflation data increased expectations for US Federal Reserve rate hikes. The bond market was closed for Veterans Day.
Why it matters
Nasdaq and S&P 500 futures moved higher after CoreWeave reported earnings that reassured investors about AI-related spending and pointed to profitability in the first half of 2028. Nvidia also recovered from a prior drop, showing renewed support for AI-linked stocks. The move came as inflation data lifted expectations for Federal Reserve rate hikes, while US bond trading was shut for the Veterans Day holiday.