Nvidia, AMD and Broadcom Lead AI Stock Rally as CoreWeave Results Ease Spending Fears Nauman Khan Wed, November 11, 2026 at 1:37 PM EST 1 min read NVDA +4.94% CRWV +26.37% AMD +9.73% AVGO +6.33% TSM +5.08% 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.
AI infrastructure shares rallied on Wednesday, as CoreWeave's latest results gave investors fresh evidence that demand for computing capacity remains strong.
CoreWeave (CRWV) jumped 15% after reporting a record $132.5 billion revenue backlog for the third quarter, a 138% increase from a year earlier. The company also expects to collect roughly $9 billion in customer prepayments and deposits over the next three months.
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The results lifted sentiment across the chip sector. Advanced Micro Devices (NASDAQ:AMD) climbed 5.3%, while Taiwan Semiconductor Manufacturing (NYSE:TSM) gained 5%. Broadcom (AVGO) advanced 4%, and Nvidia (NASDAQ:NVDA) rose 3.6%.
Nvidia's gains came despite a Baird downgrade and Morgan Stanley's decision to remove the chipmaker from its preferred sector pick. Those calls reflected concerns about near-term uncertainty, including potential government scrutiny involving CEO Jensen Huang.
The broader move suggests investors are looking beyond individual chipmakers to the spending pipeline supporting AI infrastructure. CoreWeave's backlog and expected customer payments offered a fresh indication that demand for computing services remains substantial.
