US stock futures advanced on Wednesday, November 11, led by technology shares, as stronger-than-expected corporate results from the artificial intelligence sector helped restore investor confidence following recent market losses.
Futures tied to the Nasdaq 100 rose approximately 1.9%, while S&P 500 futures gained 0.9%. Dow Jones Industrial Average futures were little changed, reflecting a recovery concentrated in technology companies.
The advance followed a period of heightened volatility as investors questioned the sustainability of spending on AI infrastructure and the financial performance of companies financing large-scale data center expansion.
CoreWeave Shares Surge After Strong Earnings
CoreWeave, a cloud computing provider specializing in artificial intelligence infrastructure, climbed more than 13% in premarket trading after reporting third-quarter revenue of $3.66 billion, an increase of 168% from a year earlier.
The company raised its full-year revenue forecast to between $13 billion and $13.3 billion, supported by demand for computing capacity.
CoreWeave also indicated that it expects to achieve adjusted profitability in the first half of 2028.
The results provided some reassurance to investors concerned about the company’s borrowing costs and substantial infrastructure commitments.
Anthropic IPO Supports Technology Sentiment
Investor attention also turned to Anthropic, the developer of the Claude AI platform, as the company prepares for a potential Nasdaq debut next week.
Its proposed initial public offering could value the company at approximately $1.4 trillion, while bankers are reportedly considering a higher offering price that could lift the valuation above $1.5 trillion.
The anticipated listing contributed to renewed interest in artificial intelligence companies.
Nvidia, Broadcom, AMD and other semiconductor stocks advanced in premarket trading. Nvidia gained more than 5%, recovering part of its recent losses.
Inflation Keeps Federal Reserve in Focus
The technology-led rebound came despite continued uncertainty over US monetary policy.
A stronger-than-expected October inflation report reinforced expectations that the Federal Reserve could raise interest rates in December, following a sharp increase in Treasury yields during Tuesday’s session.
US stock exchanges remained open on Wednesday, while the bond market was closed in observance of Veterans Day.
Trading volumes were expected to be lighter during the holiday, with investors continuing to assess corporate earnings, inflation developments and the outlook for interest rates.
