US equity futures rebound as CoreWeave's 8% after-hours jump and potential Anthropic IPO news offset concerns over a hawkish Federal Reserve outlook.
CoreWeave delivered a beat-and-raise quarterly earnings report, and the shares jumped nearly 8% in after-hours trading on the news. The results underscore resilient demand for AI infrastructure and helped lift the whole AI sector, a hard positive fact rather than marketing language.
Nasdaq 100 futures rise 1.45% to around 28,230, the largest gain among US index futures, driven directly by CoreWeave's beat-and-raise results (+8% after hours) and reports Anthropic could list next week at up to $90 billion raised and a near $1.4 trillion valuation. The AI-heavy index is most exposed to this news, though a December rate-hike expectation after hot core CPI is a drag.
Dow futures gain 0.16% to around 52,400 as risk appetite returns on easing US-Iran tensions and strong AI earnings, after the index dropped 0.35% on Tuesday. The rebound is modest and faces a headwind from the upside October core CPI surprise that put a December Fed rate hike at 85% odds.
S&P 500 futures advance 0.60% to around 7,590, recovering part of Tuesday's 0.38% loss as geopolitical friction eases and CoreWeave's beat-and-raise results support sentiment. The hawkish repricing after October core CPI at 0.3% m/m limits the upside.
US stock futures are trading higher on Wednesday as geopolitical tensions ease and strong earnings from CoreWeave boost the AI sector. Nasdaq 100 futures lead the gains with a 1.45% rise, while the Dow and S&P 500 also trade in positive territory. Despite the rebound, markets remain cautious due to an 85% probability of a December Fed rate hike following an October core CPI print of 0.3% m/m.
CoreWeave shares jumped nearly 8% in after-hours trading after the company delivered a beat-and-raise quarterly report.
The beat-and-raise results rekindled enthusiasm for the broader artificial intelligence sector by underscoring resilient demand for AI infrastructure.
Nasdaq 100 futures are up 1.45% versus 0.60% for the S&P 500 because CoreWeave's better-than-expected AI results and the possible Anthropic IPO next week directly boost AI-exposed stocks.
Reports indicate Anthropic could make its market debut as soon as next week, aiming to raise up to $90 billion at a diluted valuation near $1.4 trillion.
Risk appetite returned as US-Iran tensions appeared to ease and CoreWeave's strong AI-driven earnings rekindled enthusiasm for the technology sector.
The hotter-than-expected October core CPI reading of 0.3% m/m has markets pricing an 85% chance of a Fed rate hike in December, which pressured US equities on Tuesday.
S&P 500 futures are advancing 0.60% to trade around 7,590 during European hours on Wednesday.