CoreWeave just breathed new life into the AI trade
Detailed summary
CoreWeave stock surged after earnings, recovering after weeks of volatility stemming from fears about its bonds and a broader panic in the AI trade.
CoreWeave is trying to mount a comeback after weeks of stock losses driven by concerns about its debt and a broader panic in the AI trade. Shares surged on Wednesday after the company reported earnings, lifting fellow neoclouds and the tech sector. Investors were piling back in after Tuesday's sell-off sparked by a hot October inflation report. The stock rose as much as 18% before paring shortly after the opening bell. Other big moves among neoclouds on Wednesday include: The broader market rallied as tech mounted a comeback. Here's where major indexes stood shortly after the 9:30 a.m.
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