Nasdaq 100 Jumps 2.5% as AI Bets Lift Nvidia and CoreWeave
Updated
Updated · Bloomberg · Nov 11
Nasdaq 100 Jumps 2.5% as AI Bets Lift Nvidia and CoreWeave
3 articles · Updated · Bloomberg · Nov 11
Summary
The Nasdaq 100 rose about 2.5% and was headed for its highest level since late October as investors piled back into AI-linked megacaps.
Nvidia gained 4% and CoreWeave surged 24% after an upbeat outlook, reinforcing the view that the AI trade driving the bull market still has room to run.
OpenAI added to that case with quarterly revenue reaching $10 billion, while Anthropic's planned IPO was reported to be oversubscribed.
The renewed AI enthusiasm spread beyond the US, helping push European shares to a record.