US stocks rally as CoreWeave surges 25%, Nvidia rebounds; S&P 500, Nasdaq gain over 1%
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓US stocks closed higher on Wednesday, with the S&P 500 and Nasdaq each rallying more than 1%.
- ✓CoreWeave shares surged 24.7%, easing investor concerns about the AI trade.
- ✓Nvidia also rebounded after recent sharp declines.
Story at a Glance
- Category
- Indian Markets
- Reported By
- MoneyControl
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
US stocks closed higher on Wednesday, with the S&P 500 and the Nasdaq each rallying more than 1% as earnings from neocloud firm CoreWeave eased investor concerns about the sustainability of the AI trade, while Nvidia stabilised after two consecutive sessions of sharp declines. Battered CoreWeave shares surged 24.7%, their biggest daily percentage jump in more than three months, to close at their highest level in two weeks. The company said it expected to become profitable in the first half of 2028 on an adjusted basis, seeking to reassure investors that strong demand and customer commitments could support its debt-fuelled expansion.
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