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Nasdaq gains more than 1% as CoreWeave spike revitalizes AI trade

Business - Latest - Google News·1 day ago
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Traders work at the New York Stock Exchange, Nov. 10, 2026.

NYSE

Stocks were higher Wednesday, boosted by sharp gains in CoreWeave and a rebound in Nvidia following back-to-back losing sessions for the chipmaker.

The Nasdaq Composite jumped 1.60% to end at 25,466.19, while the S&P 500 advanced 1.31% to 7,619.38. The Dow Jones Industrial Average gained 254.60 points, or 0.49%, and closed at 52,486.49.

Neocloud stock CoreWeave rallied nearly 25% after reporting third-quarter revenue that beat analyst expectations. CoreWeave also lifted operating income and revenue guidance for 2026.

Nvidia, meanwhile, climbed 2.9% after dropping nearly 10% to start the week when CEO Jensen Huang confirmed he had an affair with an alleged Chinese spy.…

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