U.S. stock markets closed higher on Wednesday (November 11, 2026), driven by a surge in CoreWeave shares and a recovery in Nvidia following pressure over the previous two sessions.
The Nasdaq Composite index jumped 1.60% to 25,466.19, while the S&P 500 rose 1.31% to 7,619.38. The Dow Jones Industrial Average also gained 254.60 points, or 0.49%, closing at 52,486.49. This rally reflects a resurgence in investor interest in technology and artificial intelligence (AI) stocks.
CoreWeave shares soared nearly 25% after its third-quarter revenue beat analyst expectations. The AI computing infrastructure provider also raised its revenue and operating profit projections for 2026, bolstering optimism regarding the demand for AI services. Meanwhile, Nvidia climbed approximately 2.9%, recouping some of the nearly 10% decline seen earlier in the week. The recovery in both stocks helped improve sentiment within the technology sector, following a period of selling pressure that had weighed on major Wall Street indices.
Separately, investors are closely monitoring the planned initial public offering (IPO) of AI company Anthropic, which could take place as early as next week. According to updated registration documents filed with U.S. capital market regulators, the company intends to offer 825 million shares, with a potential valuation reaching US$1.4 trillion.
This plan has drawn significant market attention, highlighting the substantial capital requirements within the AI sector while also serving as a litmus test for investor appetite regarding the growth prospects of technology. The sustainability of Wall Street’s rally will now depend on the performance of AI companies, developments surrounding Anthropic’s IPO, and the future direction of the Federal Reserve’s interest rate policy.
Source: Newsmaker.id