Nvidia, chip stocks rebound premarket after CoreWeave lifts revenue outlook Sam Boughedda Wed, November 11, 2026 at 7:00 AM EST 2 min read NVDA +3.75% CRWV +16.97% MU +6.59% INTC +6.49% AVGO +4.28% Explore stocks 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 -- Nvidia (NASDAQ: NVDA) and other chip stocks are trading higher in premarket trading on Wednesday after AI cloud provider CoreWeave (NASDAQ: CRWV) raised its full-year revenue forecast, easing some concerns about demand for AI infrastructure.
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Nvidia shares have climbed 4.9% to $177.08 ahead of the open, rebounding after pressure on the stock amid the saga surrounding CEO Jensen Huang.
Micron Technology (NASDAQ: MU) has gained 6.5%, Advanced Micro Devices (NASDAQ: AMD) is up 6.4%, Intel (NASDAQ: INTC) has added 6.2%, and Broadcom (NASDAQ: AVGO) has climbed 4.2%.
CoreWeave shares have jumped more than 13% premarket after the company said it now expects 2026 revenue of $13 billion to $13.3 billion, above its previous forecast and the analyst consensus of $12.9 billion.
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It also raised its adjusted operating income outlook to $1.275 billion to $1.375 billion, a 26% increase at the midpoint from its earlier guidance.
Executives said on the earnings call that they expect CoreWeave to turn profitable on an adjusted basis in the first half of 2028.
CoreWeave rents out computing power built largely on Nvidia's chips, making its results a closely watched signal of AI spending.
Its upbeat outlook comes after selling in AI-related stocks, driven by worries about how companies will fund their data center buildouts and the potential for tighter regulation following last week's midterm elections.
Nvidia has also been weighed down by governance concerns, with odds rising that Huang could be forced out after an admitted affair with a woman suspected of having ties to Chinese intelligence.
Nvidia, chip stocks rebound premarket after CoreWeave lifts revenue outlook
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