TradFi News | CoreWeave Surges 10% as AI Stocks Rebound, Bitcoin Holds Near $74,000
CoreWeave shares jumped 10% in pre-market trading on November 11 after reporting strong third-quarter results, helping lift broader AI infrastructure stocks following last week’s selloff. Meanwhile, Bitcoin remained relatively stable near $74,000.
CoreWeave Delivers Strong Growth
CoreWeave reported a 168% year-over-year increase in third-quarter revenue and raised its 2026 revenue forecast to $13–13.3 billion. Its net loss widened to $709 million due to higher interest expenses, but the loss per share of $1.27 was better than analysts’ expectations of $1.53.
AI Stocks Join the Rally
Positive sentiment spread across the AI infrastructure sector, with IREN gaining 6%, Cipher rising 7%, and Galaxy Digital climbing 5%. Nasdaq 100 futures also advanced more than 1.5%, signaling a broader recovery in technology stocks.
Bitcoin, Gold and Fed Rate Expectations
Bitcoin traded around $74,000, while gold remained near $4,000 an ounce. The US Dollar Index stayed above 102 following stronger-than-expected inflation data, reinforcing expectations of a potential Federal Reserve rate hike in December.
Anthropic Targets Higher IPO Valuation
Anthropic is reportedly considering an IPO valuation of $1.5 trillion or more, exceeding its previous target of approximately $1.4 trillion. Its proposed share price range is $70–$78, while strategic investors Google, NVIDIA, and Microsoft are expected to participate in a separate $26 billion private placement.
#CoreWeaveJumps10%On168%RevenueGrowth
$BTC $ANTHROPIC $NVDA
CoreWeave shares jumped 10% in pre-market trading on November 11 after reporting strong third-quarter results, helping lift broader AI infrastructure stocks following last week’s selloff. Meanwhile, Bitcoin remained relatively stable near $74,000.
CoreWeave Delivers Strong Growth
CoreWeave reported a 168% year-over-year increase in third-quarter revenue and raised its 2026 revenue forecast to $13–13.3 billion. Its net loss widened to $709 million due to higher interest expenses, but the loss per share of $1.27 was better than analysts’ expectations of $1.53.
AI Stocks Join the Rally
Positive sentiment spread across the AI infrastructure sector, with IREN gaining 6%, Cipher rising 7%, and Galaxy Digital climbing 5%. Nasdaq 100 futures also advanced more than 1.5%, signaling a broader recovery in technology stocks.
Bitcoin, Gold and Fed Rate Expectations
Bitcoin traded around $74,000, while gold remained near $4,000 an ounce. The US Dollar Index stayed above 102 following stronger-than-expected inflation data, reinforcing expectations of a potential Federal Reserve rate hike in December.
Anthropic Targets Higher IPO Valuation
Anthropic is reportedly considering an IPO valuation of $1.5 trillion or more, exceeding its previous target of approximately $1.4 trillion. Its proposed share price range is $70–$78, while strategic investors Google, NVIDIA, and Microsoft are expected to participate in a separate $26 billion private placement.
#CoreWeaveJumps10%On168%RevenueGrowth
$BTC $ANTHROPIC $NVDA
