Technology Advances as CoreWeave Results Revive AI Business: AlphaCheck

Good morning. Stocks rebounded Wednesday after better-than-expected quarterly results from CoreWeave (CRWV) boosted AI trading, sending the technology sector (XLK) higher.

Shares of AI chip heavyweight Nvidia (NVDA) rebounded 2%, on course for back-to-back losses. Nvidia has come under increased scrutiny since CEO Jensen Huang revealed an affair with a woman that U.S. officials reportedly suspect of having ties to Chinese intelligence services.

The Treasury yield (^TNX) rose to hover around 4.99% after October inflation was higher than expected on Tuesday, reinforcing expectations of a rate hike next month. Meanwhile, Brent crude oil futures (BZ=F) rose to $92 per barrel, while WTI (CL=F) also jumped to around $87 per barrel.

Learn more: How Surging Treasury Yields Could Affect Your Finances

Here’s a look at the markets this morning, based on a heat map powered by Yahoo Finance AlphaSpace data.

Sectors on Wednesday November 11.
Sectors on Wednesday November 11.

Here are some other notable stocks Yahoo Finance readers are checking out this morning: Nebius (NBIS), Broadcom (AVGO) and Micron (MU).

Click here for the latest stock news and in-depth analysis, including the events that move stocks.

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