Nasdaq Jumps 1.60% as Nvidia Rebounds and CoreWeave Surges 13% on Strong Earnings

Mumbai, 11 November 2026: US stock markets opened Wednesday’s trading session on a positive note, with the technology-heavy Nasdaq Composite rising 1.60% to 25,466.66, while the S&P 500 advanced 1.06% to 7,600.65 and the Dow Jones Industrial Average gained 0.10% to 52,281.91. The rally followed a sharp recovery in semiconductor stocks, led by Nvidia, and strong quarterly results from artificial intelligence (AI) infrastructure provider CoreWeave. The Russell 2000, however, moved in the opposite direction, declining 0.68% to 2,821.38.

The gains followed a weaker previous session, when hotter-than-expected October inflation data boosted expectations of a December Fed rate hike. Technology stocks rebounded, led by CoreWeave’s improved revenue outlook and gains in Nvidia and other semiconductor stocks.

The rally came amid gains across major Asian and European markets, while US-China trade relations, AI infrastructure spending and monetary policy remained in focus. US bond markets were closed for Veterans Day, following a recent rise in Treasury yields towards 5%.

Nasdaq Rises 1.60% as Semiconductor Stocks Drive Opening Gains

The Nasdaq Composite emerged as the strongest performer among the three major US benchmarks during Wednesday’s opening session. The index stood at 25,466.66, gaining 400.79 points or 1.60% as of 9:31:48 AM EST. Its previous closing level was 25,253.14, while the index opened at 25,047.45. The day’s recorded trading range stood between 24,816.10 and 25,286.83, with trading volume reported at 7,370,528,000.

The index’s advance reflected strong performances across semiconductor, technology hardware and AI-related stocks. Nvidia, Broadcom, Advanced Micro Devices (AMD), Micron Technology, Intel and Marvell Technology were among the companies recording notable gains. The recovery was particularly visible in semiconductor stocks, which had come under pressure during the preceding sessions amid developments involving Nvidia’s chief executive and concerns surrounding higher interest rates.

The Nasdaq’s 52-week trading range stood between 20,690.25 and 27,722.75, while its average trading volume was 8,140,059,687. The opening-session advance placed the index among the strongest-performing major US benchmarks on Wednesday.

The S&P 500 also opened higher, reaching 7,600.65, up 79.72 points or 1.06%. The benchmark had closed the previous session at 7,520.93 and opened Wednesday at 7,586.65. Its trading range stood between 7,586.65 and 7,603.47, with reported volume of 156,074,489.

The Dow Jones Industrial Average recorded a comparatively modest increase. The index traded at 52,281.91, up 50.02 points or 0.10%, as of 9:33:10 AM EST. It had previously closed at 52,231.89 and opened at 52,196.35. The day’s trading range was 52,196.35–52,338.10, while reported volume stood at 52,427,939.

In contrast, the Russell 2000 declined 19.44 points or 0.68% to 2,821.38. Its previous closing level was 2,840.81, compared with an opening level of 2,817.17. The index recorded a day’s range of 2,799.25–2,826.54. Its 52-week range stood between 2,303.46 and 3,069.71.

The difference between the major indices highlighted the concentration of Wednesday’s early gains in large-cap technology and semiconductor companies. While the Nasdaq and S&P 500 advanced, the Russell 2000 remained under pressure, indicating that the opening movement was not uniform across market segments.

CoreWeave Jumps 13% After $3.66 Billion Quarterly Revenue Beats Estimates

CoreWeave (NASDAQ: CRWV) emerged as a key contributor to Wednesday’s technology-sector rally after reporting stronger-than-expected third-quarter 2026 results and raising its full-year revenue outlook.

The company’s shares surged approximately 13% in pre-market trading. CoreWeave reported revenue of around $3.66 billion and a quarterly loss of $709 million, both better than analyst estimates. It also raised its full-year revenue forecast to $13.3 billion, signalling continued demand for AI computing infrastructure.

Chief Executive Michael Intrator described the quarter as a breakout period, highlighting growth supported by multiple financing sources, including customer-backed funding and approximately $9 billion in customer prepayments and deposits.

The results came amid growing scrutiny of AI infrastructure spending, particularly the costs and financing requirements of large-scale data centre projects. CoreWeave’s improved outlook highlighted sustained demand for computing capacity despite these concerns.

The stock had closed Tuesday nearly 65% below its 52-week high, making the earnings-driven rebound notable. Gains extended across the AI infrastructure sector, with Nebius Group (NASDAQ: NBIS) rising approximately 10.89% to $148.59 in the opening market snapshot.

CoreWeave’s performance also provided a positive signal for semiconductor manufacturers and data centre equipment suppliers linked to the expanding AI infrastructure market.

Also Read: What Is the New York Stock Exchange (NYSE)?

Nvidia Gains 3.17% as Semiconductor Shares Recover From Two-Day Decline

Nvidia (NASDAQ: NVDA) rebounded 3.17% during Wednesday’s opening session, recovering some of the losses recorded over the previous two trading days. Other early market updates placed its gains at approximately 3%–5%.

The recovery followed a difficult start to the week, during which Nvidia shares fell nearly 10%. The decline came amid reports concerning chief executive Jensen Huang and an alleged relationship with a woman described as a Chinese spy, raising questions about potential implications for the company.

Nvidia closed Tuesday at its lowest level since 30 March and lost approximately $700 billion in market value during November. Despite Wednesday’s rebound, its shares remained around 14% lower for the month.

Reports indicated that Nvidia’s board was examining the matter, while concerns persisted over potential US government action, investigations and possible effects on business relationships.

A Wall Street analyst also downgraded Nvidia to Neutral, citing uncertainties surrounding the investigations, regulatory developments, potential revenue implications and Huang’s position.

Wednesday’s recovery coincided with broader gains across semiconductor stocks, indicating a sector-wide rebound rather than an isolated movement in Nvidia. Given its significant influence on the AI semiconductor industry and major US equity indices, the stock’s advance contributed to the Nasdaq’s broader technology-led gains.

Broadcom, AMD, Micron and Intel Advance Between 5% and 6%

The recovery in Nvidia coincided with gains across several major semiconductor manufacturers and technology suppliers. The Nasdaq 100 heatmap showed Broadcom (AVGO) rising 5.85%, AMD gaining 6.18%, Micron Technology (MU) advancing 6.34% and Intel (INTC) climbing 6.11%.

Other semiconductor-related companies also recorded substantial increases. Applied Materials (AMAT) rose 5.68%, Lam Research (LRCX) advanced 5.44%, KLA Corporation (KLAC) gained 5.18%, while Texas Instruments (TXN) increased 3.42%.

Marvell Technology (MRVL) recorded an advance of 8.82% in the Nasdaq 100 snapshot, making it one of the stronger performers among large technology companies. Arm Holdings (ARM) gained 6.12%, while Analog Devices (ADI) advanced 3.74%.

The S&P 500 heatmap reflected a similar pattern. Broadcom gained 6.00%, Micron rose 6.93%, Intel advanced 6.12%, Oracle climbed 5.96% and Applied Materials increased 4.61%.

Other notable movements included Lam Research, which gained 4.82%, and KLA Corporation, which advanced 4.78%. Arista Networks (ANET) recorded a 7.13% increase, while Western Digital (WDC) gained 6.33%.

Dell Technologies (DELL) advanced 9.32% in the S&P 500 heatmap, while Hewlett Packard Enterprise and several other technology infrastructure companies also featured in the broader sector movement.

The semiconductor recovery extended beyond US markets. European chipmakers recorded gains during Wednesday’s trading session, while South Korean semiconductor manufacturers also advanced.

The developments followed CoreWeave’s quarterly results, which highlighted continued demand for AI computing capacity. The broader movement included companies involved in semiconductor manufacturing, memory products, networking equipment and data centre infrastructure.

Dow Gains 0.10% as Amazon and Goldman Sachs Offset Healthcare Weakness

The Dow Jones Industrial Average recorded a relatively limited increase compared with the technology-heavy Nasdaq and the S&P 500. Its advance of 50.02 points or 0.10% to 52,281.91 reflected mixed performances among its constituent companies.

Among the notable gainers, Caterpillar (CAT) advanced 2.47%, while Goldman Sachs (GS) gained 1.54%. Cisco Systems (CSCO) rose 2.62%, and Apple (AAPL) increased 0.97% in the Dow heatmap.

Amazon (AMZN) advanced 0.82%, while Alphabet’s Class A shares (GOOGL) gained 0.92%. JPMorgan Chase (JPM) recorded a smaller increase of 0.10%.

However, several Dow constituents remained in negative territory. Home Depot (HD) declined 1.40%, McDonald’s (MCD) fell 1.07%, Visa (V) dropped 1.11% and Procter & Gamble (PG) declined 1.59%.

Johnson & Johnson (JNJ) recorded a decline of 1.04%, while Merck (MRK) fell 0.95%. UnitedHealth Group (UNH) declined 0.73%, and Amgen (AMGN) lost 0.89%. Microsoft (MSFT) slipped 0.43%, while IBM declined 0.41%. Disney (DIS) also recorded a decrease of 0.44%.

The difference in constituent performances reflected the comparatively limited movement in the Dow relative to the technology-heavy benchmarks. Gains in selected industrial, technology and financial companies were accompanied by declines across healthcare, consumer and other components.

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S&P 500 Gains 1.06% as Technology and Industrial Stocks Lead

The S&P 500’s 79.72-point advance was supported by gains across several major technology and industrial companies. The benchmark’s heatmap showed particularly strong performances among semiconductor manufacturers, data centre infrastructure suppliers and selected industrial businesses.

Technology stocks accounted for several of the largest increases. Broadcom gained 6.00%, Micron advanced 6.93%, AMD rose 3.40%, Intel increased 6.12% and Oracle gained 5.96%.

Networking and infrastructure-related companies also recorded substantial gains. Arista Networks rose 7.13%, Dell Technologies advanced 9.32%, Western Digital gained 6.33% and Applied Materials climbed 4.61%.

Among communication services companies, Alphabet’s Class A shares gained 1.09%, while its Class C shares advanced 1.02%. Meta Platforms (META) rose 0.66%, while Netflix (NFLX) declined 0.13%. Disney slipped 0.35%.

Consumer-related stocks recorded mixed performances. Amazon increased 1.05%, while Tesla (TSLA) gained 2.78%. Costco Wholesale (COST) advanced 1.68%, whereas Walmart (WMT) remained broadly unchanged.

Healthcare stocks were comparatively weaker. Eli Lilly (LLY) declined 0.50%, Johnson & Johnson fell 1.02%, AbbVie (ABBV) lost 0.77% and Pfizer (PFE) declined 1.16%. Thermo Fisher Scientific (TMO), however, advanced 1.07%.

Industrial stocks also contributed to the benchmark’s performance. Caterpillar gained 2.22%, GE Vernova (GEV) advanced 3.87% and Eaton (ETN) increased 3.17%. General Electric (GE) recorded a gain of 0.45%.

Within financial services, Goldman Sachs advanced 1.40%, Morgan Stanley (MS) gained 1.02% and BlackRock (BLK) increased 0.92%. However, Visa and Mastercard (MA) declined 0.85% and 0.69%, respectively.

The broader index movement therefore reflected substantial gains in technology and selected industrial companies, alongside weaker performances across several consumer, healthcare and financial constituents.

CECO, AXTI and CoreWeave Rise Between 11% and 14%

The broader stock market recorded notable individual share price movements during Wednesday’s session. CECO Environmental Corporation (CECO) emerged among the leading gainers, advancing 14.06% to $59.20. The company recorded a price increase of $7.29, with trading volume of 87,239 shares against a three-month average volume of 927,904 shares.

AXT Inc. (AXTI) gained 12.97% to $44.41, an increase of $5.10. Its reported trading volume stood at 1.763 million shares, compared with a three-month average of 9.749 million shares. The company’s 52-week change was 258.01%, with its 52-week trading range between $8.44 and $143.16.

CoreWeave advanced 11.12% to $54.15, recording a price increase of $5.42. Its market capitalisation stood at approximately $30.252 billion, while its reported trading volume was 25.558 million shares. Nebius Group gained 10.89% to $148.59, increasing by $14.59. The company’s market capitalisation stood at $37.783 billion, while its 52-week change was 42.01%.

Lumentum Holdings (LITE) advanced 9.02% to $638.38, adding $52.81. Its market capitalisation was approximately $58.582 billion, while its 52-week change stood at 130.71%. DigitalOcean Holdings (DOCN) increased 8.54% to $86.32, while Bloom Energy (BE) advanced 8.50% to $201.24. Their respective price increases were $6.79 and $15.74.

Boyd Group Falls 11.30% as Astronics Drops 7.91%

While technology and semiconductor stocks recorded broad gains, several individual companies remained under pressure during Wednesday’s trading session.

Boyd Group Services (BGSI) recorded one of the largest declines, falling 11.30% to $77.78, a decrease of $10.04. The company’s 52-week change stood at -44.88%, with its trading range between $75.42 and $183.10. Astronics Corporation (ATRO) declined 7.91% to $57.06, losing $4.94. Its reported market capitalisation was $2.667 billion, while its 52-week change stood at 58.58%.

Hagerty (HGTY) dropped 5.41% to $16.00, recording a decline of $0.92. Alcon (ALC) fell 4.86% to $70.64, down $3.61. NetEase (NTES) declined 4.32% to $122.50, while Honda Motor (HMC) fell 3.99% to $33.48. Other companies recording losses included Petrobras (PBR), which declined 2.30% to $17.83, and its preferred shares (PBR-A), which fell 3.06% to $15.70. Core & Main (CNM) decreased 3.46% to $45.80, while Mirion Technologies (MIR) fell 3.43% to $18.60.

October Inflation Rises 0.4%, Strengthening December Rate Hike Expectations

Tuesday’s US inflation report remained a key driver of financial market sentiment, strengthening expectations of further Federal Reserve rate increases. The Consumer Price Index (CPI) rose 0.4% month-on-month in October, exceeding economists’ expectations of 0.3%. It marked the third consecutive month of higher-than-expected inflation.

Following the release, market expectations of a December rate hike increased significantly. Estimates indicated around a 90% probability of a quarter-point increase, with other updates placing the likelihood as high as 100%. The probability of a 50-basis-point increase also rose to 14.9% from 8% a day earlier in one market estimate.

Treasury yields reflected the changing outlook. The 10-year US Treasury yield briefly crossed 5% on Tuesday, while another market snapshot placed the two-year yield at 4.74% and the 10-year yield at 4.99%. Federal Reserve Governor Christopher Waller indicated that core CPI inflation of approximately 0.3% or higher could warrant considering a 50-basis-point increase. However, UBS noted limited FOMC support for such a move, favouring quarter-point increases in December and March.

Goldman Sachs also expected a quarter-point increase in March, although a January move remained possible. BlackRock highlighted persistent inflation concerns and the Fed’s challenge of returning inflation to its 2% target. The US bond market remained closed Wednesday for Veterans Day.

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US-China Trade Discussions Add Another Global Development

Developments surrounding US-China economic relations also featured in Wednesday’s market updates. US Treasury Secretary Scott Bessent called on the two countries to reduce economic risks without completely separating their commercial relationships. His comments came ahead of an expected meeting between US President Donald Trump and Chinese President Xi Jinping during the Asia-Pacific Economic Cooperation (APEC) summit in Shenzhen, China, scheduled for the following week.

Chinese Ambassador Xie Feng also called for respect for the two countries’ respective red lines in bilateral relations. The developments came at a time when technology supply chains, semiconductor manufacturing and AI infrastructure remained central to international economic discussions.

Separately, reports concerning Iran’s position on negotiations with Washington indicated that Tehran’s senior security official Mohsen Rezaei disputed claims that discussions were continuing or that a meeting could take place in Qatar.

The reports also referred to developments following Trump’s meeting with Qatar’s prime minister and the reported possibility of suspending fresh strikes while maintaining a US naval blockade. These geopolitical developments formed part of the wider international backdrop during Wednesday’s trading session.

Gold Rebounds as Silver and Palladium Record Stronger Gains

Precious metals recovered on Wednesday following Tuesday’s decline after stronger-than-expected US inflation data.

Spot gold traded around $4,043–$4,049 per ounce, while gold futures hovered near $4,040–$4,054. The recovery followed a drop of more than 2% in the previous session, as inflation data boosted expectations of higher US interest rates.

Silver recorded stronger gains of 1.56%–3.1%, while copper advanced around 1%. Palladium climbed between 4.66% and 5.8%.

Mining stocks also gained in early trading, with Newmont (NEM), Barrick Mining (B) and Agnico Eagle Mines (AEM) recording pre-market advances. In London, Antofagasta (ANTO) rose 2.3%, Glencore (GLEN) gained 2.2% and Anglo American (AAL) advanced approximately 2%.

Crude Oil Nears $87 as Bitcoin Trades Around $73,700

Energy and cryptocurrency markets also recorded mixed movements. WTI crude futures gained approximately 1%–1.4%, trading around $86.91–$87.30 per barrel. Brent crude advanced 1.39% to $92.76. The US Dollar Index rose 0.24% to 102.4564.

Meanwhile, Bitcoin traded around $73,648–$73,700, with relatively limited movement. However, it remained near a three-month low, despite Wednesday’s recovery in US technology stocks.

Anthropic Opens Australian IPO Offering With $90.4 Billion Fundraising Target

Developments surrounding artificial intelligence company Anthropic also remained part of the wider technology and capital markets news.

The company, which develops the Claude artificial intelligence chatbot, opened its Australian retail initial public offering (IPO) offering on Wednesday.

Applications opened at 10:00 AM Australian Eastern Daylight Time on 11 November and were scheduled to close at 5:00 PM on 17 November, according to the published offering timetable.

Anthropic is seeking to raise up to $64.4 billion through its IPO, alongside a separate private placement of $26 billion. The combined fundraising amount could reach $90.4 billion. The proposed share price range stands between $70 and $78 per share.

The Australian retail offering is expected to comprise newly issued Class A common shares under a prospectus to be filed with the Australian Securities and Investments Commission.

The IPO development came as AI-related companies continued to feature prominently across global equity markets, particularly following CoreWeave’s quarterly results and the recovery in semiconductor stocks.

The market updates also referred to the anticipated IPO activity of major AI companies, with OpenAI potentially considering a public listing in the following year. Wednesday’s opening session was marked by a technology-led advance, with the Nasdaq gaining 1.60% and the S&P 500 rising 1.06%. CoreWeave’s earnings and Nvidia’s recovery featured prominently, while October inflation, Federal Reserve rate expectations, Treasury yields and international market developments remained key financial and economic developments during the session.