AI demand rally lifts Nasdaq and chip stocks; CoreWeave jumps 25%
Wall Street rallied on renewed AI optimism, with CoreWeave surging on a profitability outlook and reports of strong OpenAI revenue and Anthropic IPO demand.
What we know
Market news accounts report the Nasdaq 100 rose 2.3% and the S&P 500 1.3%, with CoreWeave up 25%. OpenAI reportedly posted quarterly revenue above $10bn and Anthropic's IPO was reportedly oversubscribed (unconfirmed here). The SOX index jumped 5.7%, its highest close since Nov 3, after CoreWeave said it expects adjusted profitability in the first half. Silicon Data reportedly shows record GPU rental prices, with B200s at $6.97 per GPU-hour.
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“OPENAI REPORTED QUARTERLY REVENUE EXCEEDING $10 BLN AND ANTHROPIC'S REPORTED IPO DREW HEAVY DEMAND”
View post →“$SOX jumped 5.7% to its highest close since Nov 3”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.