CoreWeave earnings lift US indexes as AI sentiment surges
AI cloud provider CoreWeave posted strong quarterly results on 10 November, sending the Nasdaq up 1. 6% and the S&P 500 up 1. 3% as confidence in artificial-intelligence spending grew.
Reuters noted that the earnings outlined a path to profitability by early 2028 and had already lifted the two indexes. The upbeat sentiment spread to Indian markets, where shares of AI-focused companies surged on 11 November after the high-profile IPO of Anthropic and CoreWeave’s results, according to Moneycontrol.