11.11.202602:37:49UTC+00US Futures Rise on Upbeat CoreWeave Results

US stock futures rose on Wednesday as strong results from neocloud provider CoreWeave rekindled optimism around the artificial intelligence sector. Nasdaq 100 futures gained 0.9%, while Dow and S&P 500 futures advanced 0.2% and 0.5%, respectively.

CoreWeave shares jumped 13% in after-hours trading after the company reported quarterly earnings that beat expectations and raised its full-year guidance, underscoring persistent demand for AI-related services.

Sentiment toward the AI space was further buoyed by reports that Anthropic could begin trading as early as next week, with plans to raise up to $90 billion at a diluted valuation of roughly $1.4 trillion.

By contrast, major US indexes finished lower on Tuesday: the Nasdaq Composite fell 0.74%, and the S&P 500 slipped 0.38%. Equities came under pressure after the latest CPI report reinforced expectations of a Federal Reserve rate hike in December, with markets now assigning roughly a 91% probability to a move next month.