Nasdaq futures rise nearly 2% as CoreWeave earnings calm AI spending fears
Economic Times 5 hrs ago·11 Nov 2026, 1:13 pm
US equity markets are rallying this morning, with Nasdaq futures jumping nearly 2%. This surge follows a strong earnings report from CoreWeave, a major cloud infrastructure provider. The company's announcement that it expects to become profitable by the first half of 2028 has effectively calmed investor fears regarding the sustainability of Artificial Intelligence (AI) spending. This news has helped tech giants like Nvidia recover from recent volatility.
For Indian investors, this highlights the critical link between US tech growth and global sentiment. Positive developments in the US often boost risk appetite, which can benefit Indian equities. However, the market is also watching inflation data closely, which has increased expectations for interest rate hikes by the US Federal Reserve. Investors should monitor how these macro factors interact with the ongoing AI boom.
Moving forward, the focus will remain on the broader tech sector's ability to maintain growth while managing economic headwinds. Traders should keep an eye on upcoming earnings from other major technology companies to gauge the true strength of the AI spending narrative. The upcoming Veterans Day holiday has also temporarily impacted bond market activity.
Excerpt from Economic Times
Futures for the S&P 500 and Nasdaq 100 have shown gains following CoreWeave's impressive earnings announcement. Investors reacted positively as CoreWeave predicts profitability by the first half of 2028. Nvidia's shares rebounded after a significant drop attributed to CEO Jensen Huang's controversies. Meanwhile,…Read the original at Economic Times
Key takeaways
- Category: Results.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
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