Asia · Financial press · The Economic Times

US stocks: S&P 500, Nasdaq rise as CoreWeave results ease AI spending concerns

Published by The Economic Times · India 1 h ago

Detailed summary

The S&P 500 and Nasdaq indices showed positive growth as CoreWeave posted impressive financial results, calming fears regarding AI expenditure. Following its projection of reaching profitability by 2028, CoreWeave's stock jumped 12.7%, boosting investor confidence about ongoing demand. AI infrastructure stocks mirrored this positive trend.

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US stocks: S&P 500, Nasdaq rise as CoreWeave results ease AI spending concerns

Detailed summary

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