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US equity futures climbed sharply on Wednesday as robust earnings from major AI players prompted markets to reassess their skepticism toward the sector. S&P 500 futures advanced nearly 1%, Nasdaq contracts gained almost 2%, and Dow futures traded just above the flatline.
CoreWeave jumped more than 10% in premarket trading after reporting strong revenue growth and raising its guidance, easing worries over its debt load and offering a positive signal for the broader cloud-computing space. At the same time, reports pointed to strong subscription demand for Anthropic’s IPO, expected as soon as next week, with the company now targeting a valuation of $1.5 trillion—further bolstering sentiment toward AI-related names.
Chipmakers Nvidia, Broadcom, AMD, Intel, and Micron advanced as much as 7% in premarket trading. Outside of technology, other sectors were largely unchanged, with activity muted amid thin volumes: fixed-income markets were closed for the Veterans Day holiday.
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The move in equities followed a sharp rise in corporate bond yields on Tuesday, after a hotter-than-expected inflation print reinforced expectations for multiple Federal Reserve rate hikes next year.
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