Market wrapEconomic Times
Wall Street gains as CoreWeave calms AI jitters
Positive0
GreyOak summary
US stock indices rose over 1% after neocloud firm CoreWeave reported solid earnings and projected profitability by mid-2028. This news eased concerns regarding bloated AI expenditure, boosting sentiment across AI infrastructure stocks like Nebius Group and Applied Digital. Nvidia also recovered ground following a recent rout.
What it affects
- AI and data centresPositive 0
AI infrastructure stocks rallied on CoreWeave's profit outlook.Rolling sentiment Positive +23
