Howard Smith, The Motley Fool Wed, November 11, 2026 at 5:14 PM EST 3 min read CRWV +17.59% ^IXIC +1.60% ^GSPC +1.31% NBIS +12.69% APLD +5.82% 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.
CoreWeave (NASDAQ:CRWV), a specialized cloud infrastructure provider, closed at $60.77, up 24.71%. Quarterly results showed revenue of $3.66 billion and a raised 2026 outlook, easing financing and AI-demand worries. Investors are next watching revenue growth, profit outlook, and data center build plans.Trading volume reached 152.7 million shares, coming in about 247% above its three-month average of 44.0 million shares. CoreWeave IPO'd in 2025 and has grown 52% since going public.
The S&P 500 (SNPINDEX:^GSPC) closed at 7,619, up 1.31%, and the Nasdaq Composite (NASDAQINDEX:^IXIC) closed at 25,466, up 1.60%. Among AI cloud infrastructure and specialized data center services peers, Nebius Group (NASDAQ:NBIS) closed at $154.69, up 15.44%, and Applied Digital (NASDAQ:APLD) closed at $17.91, up 7.37%, as CoreWeave's beat-and-raise quarter kept attention on AI spending and financing.
CoreWeave shares have recently been under pressure due to investor concerns about data center growth and financing. CoreWeave assuaged the anxiety on both topics.
CEO Michael Intrator highlighted the company's "multiple sources of funding," including an expected $9 billion in customer prepayments and deposits over the next three months alone.
The company raised guidance for the second quarter in a row, with expected full-year revenue to be in a range with a midpoint of $13.15 billion. That's up from $12.8 billion announced in Q2.
With Q3 revenue beating the high end of its prior internal guidance, investors likely see more potential to beat expectations in Q4. With CoreWeave stock still trading at about half the level it was six months ago, there might be even more upside ahead.
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Howard Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Stock Market Today, Nov. 11: CoreWeave Surges 25% on Beat-and-Raise Quarter was originally published by The Motley Fool
