AI Rally Lifts Nasdaq and Broader Market as Chip Stocks Rebound
WHO:
CNBC - Sameer Samana, head of global equities and real assets at Wells Fargo Investment Institute, urged caution about the rebound, citing inflation, interest rates, political changes, and AI/data-center regulation.
CNBC - Callie Cox, director of investment strategy at Plancorp, said the market was caught between optimism about AI and concern about interest rates and inflation: “There doesn't seem to be much in between, and something may have to give.”
NY Post - Nvidia CEO Jensen Huang was described as having an affair with an alleged Chinese spy.
CNBC - Ross Mayfield, an investment strategist at Baird Private Wealth Management, said CoreWeave’s results and demand for Anthropic’s IPO were helping sentiment across the AI ecosystem.
CNBC - Anthropic is a five-year-old artificial intelligence lab.
CNBC - Chicago Federal Reserve President Austan Goolsbee called the latest inflation report “another distressing report — borderline disturbing.”
CNBC - Rick Rieder, BlackRock’s chief investment officer of global fixed income, said the market’s base case was a December rate increase and that “the question now is more of one of the extent of the hike.”
CNBC - Federal Reserve Governor Christopher Waller spoke at a Bank of England conference in London.
WHAT:
CNBC - Nasdaq-100 futures fell 0.97% early Thursday; S&P 500 futures fell 0.37%, while Dow futures rose 0.15%.
CNBC - In extended trading, Nvidia shares fell more than 8% after reports about Jensen Huang’s relationship with a company executive and that Nvidia’s board was preparing to remove him as CEO.
CNBC - Japan’s Nikkei 225 fell 0.82%, South Korea’s Kospi fell 1.26%, Hong Kong’s Hang Seng fell 0.82%, China’s CSI 300 fell 0.19%, and Australia’s S&P/ASX 200 closed down 0.07%.
Bloomberg Markets - Advanced Micro Devices Inc., Broadcom Inc., and Alphabet Inc. gained after hours as investors bet they could win business from Nvidia.
Bloomberg Markets - Tiffany McGhee, CEO and CIO of Pivotal Advisors, said hyperscalers were reporting AI demand above supply and cloud growth was accelerating.
NY Post - Stocks surged as strong AI earnings helped technology stocks recover after a weak start to the week.
CNBC - The Nasdaq Composite rose 1.60% to 25,466.19; the S&P 500 gained 1.31% to 7,619.38; and the Dow Jones Industrial Average rose 254.60 points, or 0.49%, to 52,486.49.
CNBC - CoreWeave shares rallied nearly 25% after third-quarter revenue beat analyst expectations; the company also raised its 2026 operating income and revenue guidance.
Yahoo Finance - CoreWeave shares surged 24%, citing a better-than-expected revenue outlook and strong demand for AI computing.
CNBC - Nvidia shares climbed 2.9% after falling nearly 10% at the start of the week; Yahoo Finance said the stock rebounded after two consecutive days of substantial losses and remained down about 12% for the month.
Yahoo Finance - The Nasdaq’s rise erased its post-election losses.
CNBC - Anthropic’s SEC filing said it would offer 825 million shares in an IPO planned for next week, potentially valuing the company at up to $1.4 trillion.
WHERE:
CNBC - Waller’s Bank of England conference took place in London.
CNBC - The U.S. bond market was closed for Veterans Day; Yahoo Finance reported that the stock market remained open.
WHEN:
CNBC - Initial jobless claims data were scheduled for Thursday at 8:30 a.m. ET, followed by existing home sales at 10 a.m. ET.
CNBC - Anthropic’s filing said its IPO was planned for next week.
WHY:
Bloomberg Markets - Bloomberg reported that Nvidia’s leadership turmoil was boosting potential beneficiaries amid bets that they could gain business from the chipmaker.
CNBC - October’s consumer price index rose 0.4% month over month, above economists’ estimates, prompting expectations of a Federal Reserve rate increase.
CNBC - Following the Labor Department’s CPI release, the CME Group FedWatch tool showed about a 90% probability of a quarter-point rate increase at the Fed’s final policy meeting of the year.
CNBC - Goolsbee criticized the latest CPI figure; Rieder said inflation remained higher than desired and progress was lackluster.
CNBC - Nvidia’s earlier losses weighed on the broader market during the prior session.
HOW:
CNBC - Mayfield said “cleaner positioning” and attractive near-term valuations and earnings in many AI stocks were supporting the recovery.
Yahoo Finance - Investors shifted their bets toward a Federal Reserve rate increase following hotter-than-expected CPI data.
(UPDATED November 12, 2026 06:59 UTC)
Stocks rebounded as strong AI earnings lifted technology shares, with the Nasdaq gaining 1.6%. CoreWeave surged nearly 25% after beating revenue expectations and raising its outlook. Hotter inflation increased rate-hike bets, while Anthropic planned an IPO next week.
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(UPDATED November 12, 2026 05:02 UTC)
Stocks rebounded as strong AI earnings lifted technology shares after a shaky start. CoreWeave surged nearly 25% on stronger revenue, while Nvidia and rivals gained. Hotter inflation fueled rate-hike bets, as Anthropic planned a major IPO next week.
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(UPDATED November 11, 2026 22:03 UTC)
Stocks surged as strong AI earnings lifted technology shares, with the Nasdaq rising 1.6 percent. CoreWeave jumped 24 percent after beating revenue expectations and raising its outlook. Hotter inflation strengthened expectations of a rate hike, while Anthropic plans an IPO next week.