Asia · Financial press · The Economic Times

Nasdaq futures rise nearly 2% as CoreWeave earnings calm AI spending fears

Published by The Economic Times · India 3 h ago

Detailed summary

Futures for the S&P 500 and Nasdaq 100 have shown gains following CoreWeave's impressive earnings announcement. Investors reacted positively as CoreWeave predicts profitability by the first half of 2028. Nvidia's shares rebounded after a significant drop attributed to CEO Jensen Huang's controversies. Meanwhile, inflation data has increased expectations of interest rate hikes from the US Federal Reserve.

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Nasdaq futures rise nearly 2% as CoreWeave earnings calm AI spending fears

Detailed summary

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