CoreWeave outlook; OpenAI’s revenue reportedly spikes - what’s moving markets Scott Kanowsky Wed, November 11, 2026 at 4:37 AM EST 5 min read OPAI.PVT ANTH.PVT ^GSPC -0.38% CRWV +12.27% ^NDX -0.60% Trade CRWV on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Investing.com - Futures linked to the main U.S. stock indices rise, as investor sentiment around artificial intelligence brightens following upbeat guidance from neocloud player CoreWeave, although bets on Federal Reserve interest rate hikes rattle global bond markets. Anthropic's bankers are reportedly eyeing an increase to the Claude maker's initial public offering valuation, while OpenAI's third-quarter revenue is said to have spiked.
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U.S. stock futures ticked higher on Wednesday. By 03:04 ET (08:04 GMT), the S&P 500 futures contract had climbed by 48 points, or 0.6%, Nasdaq 100 futures had gained 412 points, or 1.5%, and Dow futures had inched up by 102 points, or 0.2%.
The main averages on Wall Street retreated in the prior session, despite renewed enthusiasm around AI. Stocks in the sector gyrated sharply last week, with AI names rebounding after a steep selloff driven by fears of stricter political oversight of the technology after the U.S. midterm elections.
Optimism around AI was resilient in the face of an extended slump in shares of industry bellwether Nvidia, which has been hit by revelations surrounding CEO Jensen Huang's romantic relationship with an alleged Chinese spy. Helping offset Nvidia's woes was Claude-chatbot-maker Anthropic's filing ahead of a potential blockbuster initial public offering, as well as hopes for de-escalating Middle East tensions that sent oil prices down to their lowest level since August.
Still, short-term U.S. Treasury yields spiked by the most in 19 months, dragging down stocks. A combination of hotter-than-expected U.S. inflation data and hawkish comments from some Fed policymakers increased bets that the central bank may lift interest rates more aggressively than initially thought.
Overnight, the AI trade fueled an uptick in equity markets around the world, while bonds sold off in a number of countries, including Japan and Australia. The U.S. bond market will be closed for Veterans Day.
Along with concerns that Democratic lawmakers will use their post-midterm influence to slow AI development, doubts have long swirled around the financial stability of an industry known for massive infrastructure spending plans.
CoreWeave's shares have tumbled in recent weeks against this backdrop, shedding more than 40% of their value over the past month alone. The Nvidia-backed company has accrued roughly $50 billion in debt, turning it into a poster child for the heavy borrowing being tapped to fund the rapid AI buildout.
Yet in its latest earnings, CoreWeave, which offers computing power to AI developers, offered a rosy full-year revenue forecast of $13 billion to $13.3 billion that surpassed Wall Street predictions. It was a sign that demand remains robust despite possible political headwinds confronting the data center industry.
Third-quarter sales of $3.66 billion also exceeded expectations, while CoreWeave's per-share loss of $1.27 was shallower than projected. CEO Michael Intrator said it was a "breakout quarter." Shares of CoreWeave surged by more than 18% in extended hours trading.
3. Anthropic bankers reportedly seeking increase to IPO valuation - FT
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Meanwhile, Anthropic's bankers are mulling over plans to increase the group's IPO valuation to $1.5 trillion or more, according to the Financial Times.
Underlining the runaway demand for the AI frontier lab's products, the FT reported that the bankers are expecting to boost the share price above the $70 to $78 range targeted in the company's high-profile securities filing on Tuesday.
At the top end of the range, Anthropic would be valued at roughly $1 trillion. Factoring in restricted shares, stock reserved for charitable donations and employee stock options, Anthropic's fully diluted value would be around $1.4 trillion, Bloomberg News estimates showed.
Anthropic will raise an additional $26 billion through a private placement with cornerstone investors. The group includes Alphabet's Google, Nvidia, AMD, Broadcom, Micron Technology, Microsoft, and TSMC.
4. OpenAI quarterly revenue rises to $10 billion - reports
Anthropic rival OpenAI -- which is also pursuing its own blockbuster market debut -- generated $10 billion in revenue for the first time in the three months ending in September, according to media reports.
Sales are said to have surged by nearly 50% compared to the prior quarter and have advanced by almost threefold year-over-year. The financial details were shared during a phone call with investors on Tuesday, Bloomberg News reported.
Executives have pushed to bolster OpenAI's market position in recent months through the rollout of new AI models, aggressive price reductions, and a focus on autonomous software agents, Bloomberg said.
OpenAI also improved its adjusted operating margin to minus 109% from 150%, although the company is still some distance from profitability, The Wall Street Journal reported. Adjusted operating losses edged up to $10.9 billion, according to WSJ estimates, adding that the calculations excluded a rise in stock-based compensation to $2.6 billion.
Oil prices stabilized on Wednesday after a recent drop, as markets were focused on any indication of detente in the U.S.-Israel war on Iran.
Brent oil futures rose 0.5% to $91.92 a barrel by 03:50 ET, while West Texas Intermediate crude futures inched down 0.1% to $85.93 a barrel.
The benchmark Brent crude contract briefly slipped below the $90-a-barrel level on Tuesday, extending losses fueled in part by an emerging conviction that a Democrat-led U.S. Congress could pressure the Trump administration into ending the conflict with Iran.
U.S. President Donald Trump also signaled restraint on Iran this week, downplaying the need for more military strikes against the country. However, Iran has said that there have been no ongoing peace talks.
CoreWeave outlook; OpenAI's revenue reportedly spikes - what's moving markets
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