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Wall Street gains as CoreWeave calms AI jitters

Published by The Economic Times · India 1 h ago
Wall Street gains as CoreWeave calms AI jitters
The Economic Times

Detailed summary

CoreWeave's strong earnings report alleviated investor worries regarding excessive spending in the AI sector. Following this, both the S&P 500 and Nasdaq saw gains exceeding 1%. Nvidia's stock also rebounded after a significant decline linked to troubling remarks about its CEO. Moreover, the Philadelphia SE Semiconductor index experienced a 7% jump, reflecting heightened investor optimism.

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