CoreWeave Eases AI Spending Fears as US Stock Futures and Nasdaq Climb Despite Fed Rate Concerns

CoreWeave Results Calm AI Spending Fears and Lift Market Sentiment

US stock futures rebounded sharply on Wednesday after CoreWeave delivered strong results that eased AI spending fears among investors1

1

. S&P 500 and Nasdaq futures climbed as the neocloud firm announced it would achieve profitability on an adjusted basis in the first half of 2028, addressing concerns about its debt burden and the sustainability of AI infrastructure investments1

1

. At 5:04 a.m. ET, S&P 500 E-minis rose 55.75 points, or 0.74%, while Nasdaq 100 E-minis jumped 465.25 points, or 1.67%1

1

. CoreWeave stock surged over 10% in premarket trading, with the company's sales growth helping restore investor confidence in AI-related stocks2

2

. The gains extended to other neocloud companies including Iren and Nebius, signaling renewed appetite for AI infrastructure plays2

2

.

Federal Reserve Rate Hikes Loom Over Market Recovery

The rebound in US stock futures occurred against a backdrop of mounting concerns about Federal Reserve rate hikes following hotter-than-expected inflation data1

1

. US consumer prices increased more than expected in October, driven by higher costs for food and accommodation1

1

. Traders now see a rate hike next month as a certainty, with an 11.5% chance of a half-percentage-point increase, according to the CME FedWatch tool1

1

. Fed Governor Christopher Waller indicated the central bank should consider raising borrowing costs by 50 basis points if October inflation worsened, warning that a tamer approach risks hurting the Fed's inflation-fighting credibility1

1

. Dallas Fed President Lorie Logan also backed a strong response to persistent price pressures2

2

. Daniela Hathorn, senior market analyst at Capital.com, noted that "while a December rate hike now appears almost fully priced in, the bigger concern is that investors may have underestimated how much further the Fed will need to tighten"1

1

.

Nvidia Rebounds Amid Ongoing Controversy and Chipmaker Rally

Nvidia shares jumped 4% in premarket trading after shedding approximately $480 billion in value over the previous two sessions1

1

. The chipmaker faced intense scrutiny over questions about CEO Jensen Huang's relationship with a Chinese businesswoman alleged to be a spy for Beijing1

1

. Eric Schiffer, chairman of The Patriarch Organization and an Nvidia shareholder, characterized the situation as "the mother of all tech CEO scandals because Jensen is bigger than Elvis for tech investors," but added that Huang has "tremendous goodwill, which will help insulate him from a situation that might have caused another CEO to burn to ashes"1

1

. Other chipmakers joined the rally, with Marvell Technology and Micron both climbing nearly 7% each1

1

. The broader recovery in AI-related stocks reflected renewed optimism about AI infrastructure despite macroeconomic factors weighing on markets2

2

.

Anthropic IPO and Continued AI Infrastructure Investments

Investors digested news that Anthropic set terms for its blockbuster initial public offering, with the Claude chatbot creator aiming for a valuation of up to $1.4 trillion in the share sale1

1

. The company reported third-quarter revenue of $17 billion, compared with $1.4 billion a year earlier, demonstrating explosive growth in the AI sector2

2

. Interest in Anthropic supported the shift in market sentiment toward AI spending, even as some analysts questioned whether the AI trade could sustain momentum2

2

. Schiffer emphasized that he expects "continued investments on AI infrastructure, which will drive share prices higher in time, even though multiples are compressed because of concerns over politics"1

1

. Watch for how data center deployment costs and Federal Reserve rate hikes will shape AI infrastructure investments in coming months, as equities remain caught between worries over slower deployment and appetite to buy the dip1

1

.