Live news: CoreWeave jumps 14% as earnings fuel rebound across battered AI stocks
CoreWeave shares surged 14% following a strong revenue report, helping to lift broader AI-related stocks. Meanwhile, Nvidia saw gains despite reports regarding its CEO, and Anthropic is reportedly eyeing a $1.5 trillion valuation.
Why it matters
The performance of AI infrastructure companies remains a primary driver of market sentiment and volatility in the tech sector.
CoreWeave (CRWV) rose 14% in premarket trading after reporting revenue of $3.66 billion, up 168% year-over-year. The company raised its full-year revenue forecast to $13 billion to $13.3 billion, although its quarterly net loss widened to $709 million, or $1.27 per share.
Anthropic also prompted some optimism, with its bankers considering an IPO valuation of $1.5 trillion or more following strong investor demand, above the roughly $1.4 trillion target disclosed Tuesday.
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