CoreWeave earnings and positive Anthropic IPO news combine to lift AI infrastructure stocks
【CoreWeave earnings and positive Anthropic IPO news combine to lift AI infrastructure stocks】CoinChain Express reported that on November 11, AI infrastructure stocks—including storage, optical communications, AI chips and cloud providers—rose across the board. AXT Inc. gained over 13%; Nebius and CoreWeave rose over 12%; Lumentum gained over 9%; SanDisk rose nearly 9%; SK Hynix, Coherent and Applied Optoelectronics gained over 7%; Micron Technology and Marvell Technology rose over 6%; Oracle, Broadcom, Corning and Western Digital gained over 5%; and NVIDIA and AMD rose over 3%.
Market news: CoreWeave reported strong third-quarter results and raised its full-year guidance, temporarily easing concerns about slowing demand for AI infrastructure. Revenue for the period rose approximately 168% year over year to $3.661 billion, exceeding analysts’ expectations of $3.56 billion. CoreWeave’s CEO noted that the company’s business growth was supported by multiple financing channels, including financing backed by customer contracts, as well as approximately $9 billion in customer prepayments and deposits. CoreWeave raised its revenue guidance range to between $13 billion and $13.3 billion and its adjusted operating income guidance range to between $1.275 billion and $1.375 billion.
In addition, Anthropic’s IPO roadshow has drawn strong indications of interest. The underwriting team led by Goldman Sachs and Morgan Stanley is considering raising the offering price to above $78 per share, potentially bringing the target valuation to $1.5 trillion or more. The IPO is expected to raise more than $100 billion in total.
【CoreWeave earnings and positive Anthropic IPO news combine to lift AI infrastructure stocks】CoinChain Express reported that on November 11, AI infrastructure stocks—including storage, optical communications, AI chips and cloud providers—rose across the board. AXT Inc. gained over 13%; Nebius and CoreWeave rose over 12%; Lumentum gained over 9%; SanDisk rose nearly 9%; SK Hynix, Coherent and Applied Optoelectronics gained over 7%; Micron Technology and Marvell Technology rose over 6%; Oracle, Broadcom, Corning and Western Digital gained over 5%; and NVIDIA and AMD rose over 3%.
Market news: CoreWeave reported strong third-quarter results and raised its full-year guidance, temporarily easing concerns about slowing demand for AI infrastructure. Revenue for the period rose approximately 168% year over year to $3.661 billion, exceeding analysts’ expectations of $3.56 billion. CoreWeave’s CEO noted that the company’s business growth was supported by multiple financing channels, including financing backed by customer contracts, as well as approximately $9 billion in customer prepayments and deposits. CoreWeave raised its revenue guidance range to between $13 billion and $13.3 billion and its adjusted operating income guidance range to between $1.275 billion and $1.375 billion.
In addition, Anthropic’s IPO roadshow has drawn strong indications of interest. The underwriting team led by Goldman Sachs and Morgan Stanley is considering raising the offering price to above $78 per share, potentially bringing the target valuation to $1.5 trillion or more. The IPO is expected to raise more than $100 billion in total.