US stocks: S&P 500, Nasdaq rise as CoreWeave results ease AI spending concerns
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- ✓The S&P 500 and the Nasdaq rose on Wednesday as strong results from CoreWeave eased concerns about heavy spending on artificial intelligence.
- ✓Steve Sosnick said, “The earnings report helped ease some of those concerns.” The positive news lifted other infrastructure stocks, while the market’s fear gauge fell for four sessions.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Economic Times
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
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The S&P 500 and the Nasdaq advanced on Wednesday as strong results from CoreWeave eased concerns about heavy spending on artificial intelligence infrastructure.
CoreWeave shares surged 12.7% after the neocloud company said it expects to become profitable on an adjusted basis in the first half of 2028. The forecast helped reassure investors that robust demand and customer commitments could support its debt-funded expansion.
S&P 500 Top Gainers
Dell Technologies368.81(10.30%)
Seagate Technology Hldgs550.62(9.77%)
Micron Technology794.23(9.53%)
Super Micro Computer29.72(6.94%)
S&P 500 Top Losers
Coterra Energy32.56(-8.62%)
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The Economic Times
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