🤖 CoreWeave just raised its forecast. Can AI stocks drag crypto back up?
🔹 CoreWeave (CRWV) reported Q3 results after the US close on Nov 10, raised its revenue forecast, and the stock jumped nearly 13% after the report
🔹 The move lifted AI stocks across Asia on Wednesday, Nov 11
🔹 The worry hasn't gone away: CoreWeave carries around 47B USD of debt
🔹 Before earnings, CRWV had fallen 43% in a month (to Nov 6)
🔹 The next big test: Nvidia (NVDA) reports on Nov 17
Why crypto traders care: AI stocks and $BTC have been moving together as "risk-on" trades. On Tuesday the Nasdaq fell 0.74% after the CPI data, and BTC slipped below 74,000 with it.
If Nvidia beats on Nov 17, does BTC follow it higher? 👇
(Not financial advice)
📷 Photo: Taylor Vick / Unsplash
🔹 CoreWeave (CRWV) reported Q3 results after the US close on Nov 10, raised its revenue forecast, and the stock jumped nearly 13% after the report
🔹 The move lifted AI stocks across Asia on Wednesday, Nov 11
🔹 The worry hasn't gone away: CoreWeave carries around 47B USD of debt
🔹 Before earnings, CRWV had fallen 43% in a month (to Nov 6)
🔹 The next big test: Nvidia (NVDA) reports on Nov 17
Why crypto traders care: AI stocks and $BTC have been moving together as "risk-on" trades. On Tuesday the Nasdaq fell 0.74% after the CPI data, and BTC slipped below 74,000 with it.
If Nvidia beats on Nov 17, does BTC follow it higher? 👇
(Not financial advice)
📷 Photo: Taylor Vick / Unsplash
