🚀 CoreWeave reignited the AI trade. So why didn't Bitcoin follow?
On Wednesday (Nov 11):
🔹 CoreWeave reported quarterly revenue of about 3.7B USD, raised its 2026 guidance to 13B–13.3B, and showed a 133B backlog
🔹 CoreWeave shares jumped about 21% in morning trade (Forbes), after being down 32% for the year
🔹 Nvidia bounced about 3% after falling nearly 10% over the previous two sessions. Nvidia owns roughly 10% of CoreWeave
🔹 Chip and AI stocks ran too: Micron +11%, Marvell +9.5%, Oracle +7%, AMD +5% (Forbes, 10:30 a.m. ET)
🔹 Nasdaq finished up about 1.6% and the S&P 500 about 1.3%
Meanwhile $BTC stayed flat near 73,700–74,000.
Why the split?
🔹 Money is flowing into stock funds: about 12B a day into US-listed funds, while spot BTC ETFs had outflows (Bloomberg's Eric Balchunas)
🔹 One read: hot inflation and Fed hike odds hit assets without earnings, like crypto, harder than AI firms showing fast revenue growth
🔹 For years BTC moved closely with the Nasdaq. This week it didn't
Do you think crypto catches up with AI stocks, or is the link broken for now? 👇
(Not financial advice)
📷 Photo: Brian Kostiuk / Unsplash
On Wednesday (Nov 11):
🔹 CoreWeave reported quarterly revenue of about 3.7B USD, raised its 2026 guidance to 13B–13.3B, and showed a 133B backlog
🔹 CoreWeave shares jumped about 21% in morning trade (Forbes), after being down 32% for the year
🔹 Nvidia bounced about 3% after falling nearly 10% over the previous two sessions. Nvidia owns roughly 10% of CoreWeave
🔹 Chip and AI stocks ran too: Micron +11%, Marvell +9.5%, Oracle +7%, AMD +5% (Forbes, 10:30 a.m. ET)
🔹 Nasdaq finished up about 1.6% and the S&P 500 about 1.3%
Meanwhile $BTC stayed flat near 73,700–74,000.
Why the split?
🔹 Money is flowing into stock funds: about 12B a day into US-listed funds, while spot BTC ETFs had outflows (Bloomberg's Eric Balchunas)
🔹 One read: hot inflation and Fed hike odds hit assets without earnings, like crypto, harder than AI firms showing fast revenue growth
🔹 For years BTC moved closely with the Nasdaq. This week it didn't
Do you think crypto catches up with AI stocks, or is the link broken for now? 👇
(Not financial advice)
📷 Photo: Brian Kostiuk / Unsplash
