Nasdaq rose 1.60% yesterday — and the leaders were chip stocks that had been battered just a week ago.
The facts: S&P 500 +1.31% to 7,619.38, Nasdaq +1.60% to 25,466.19, Dow +0.49% to 52,486.49 on Wednesday, Nov. 11 (Yahoo Finance). The catalyst was CoreWeave (CRWV), up 24.71% to 60.77 — its best day since April 2025 — after Q3 revenue of $3.66 billion topped estimates of $3.55 billion and its 2026 forecast was raised to $13.0–13.3 billion (Reuters, Nov. 10–11). Micron (MU) rose 11.89% to 811.30, Sandisk gained 13.7% to 977.69, the SOX chip index rose 5.7%, and NVDA bounced 2.87% to 173.73 after falling 5.47% the previous day.
Market context: U.S. bond markets were closed (Veterans Day), and there was no U.S. economic data — this rally was purely a rotation back into AI, not a story about interest rates. The S&P technology index rose nearly 4%, its best day since Aug. 4 (Reuters). But keep in mind: SOX had fallen 32.6% from its Oct. 6 peak to its Nov. 5 low, and CoreWeave is still $709 million in the red for Q3, with about $46.9 billion in debt.
What I’m watching: U.S. jobless claims Thursday at 20:30 WIB, PPI on Friday, plus earnings from Cisco and Applied Materials after Thursday’s close. Some of CRWV’s gains have already been trimmed in after-hours trading, so this isn’t a confirmed recovery yet.
My take: CoreWeave’s report addressed concerns about AI funding — with about $9 billion in customer prepayments over the next 3 months — but one green day doesn’t erase its debt and massive capital spending. I see this as a relief rally that needs further confirmation, not a trend reversal.
This is my analysis, not financial advice — always DYOR.
What do you think: is this chip rally the start of a recovery, or just a pause before another decline?
#SahamAS #ChipAI
The facts: S&P 500 +1.31% to 7,619.38, Nasdaq +1.60% to 25,466.19, Dow +0.49% to 52,486.49 on Wednesday, Nov. 11 (Yahoo Finance). The catalyst was CoreWeave (CRWV), up 24.71% to 60.77 — its best day since April 2025 — after Q3 revenue of $3.66 billion topped estimates of $3.55 billion and its 2026 forecast was raised to $13.0–13.3 billion (Reuters, Nov. 10–11). Micron (MU) rose 11.89% to 811.30, Sandisk gained 13.7% to 977.69, the SOX chip index rose 5.7%, and NVDA bounced 2.87% to 173.73 after falling 5.47% the previous day.
Market context: U.S. bond markets were closed (Veterans Day), and there was no U.S. economic data — this rally was purely a rotation back into AI, not a story about interest rates. The S&P technology index rose nearly 4%, its best day since Aug. 4 (Reuters). But keep in mind: SOX had fallen 32.6% from its Oct. 6 peak to its Nov. 5 low, and CoreWeave is still $709 million in the red for Q3, with about $46.9 billion in debt.
What I’m watching: U.S. jobless claims Thursday at 20:30 WIB, PPI on Friday, plus earnings from Cisco and Applied Materials after Thursday’s close. Some of CRWV’s gains have already been trimmed in after-hours trading, so this isn’t a confirmed recovery yet.
My take: CoreWeave’s report addressed concerns about AI funding — with about $9 billion in customer prepayments over the next 3 months — but one green day doesn’t erase its debt and massive capital spending. I see this as a relief rally that needs further confirmation, not a trend reversal.
This is my analysis, not financial advice — always DYOR.
What do you think: is this chip rally the start of a recovery, or just a pause before another decline?
#SahamAS #ChipAI