AI Stocks Rebound on CoreWeave Earnings as Dollar Gains After US CPI Data
Key Facts
CoreWeave’s earnings results triggered a rebound in beaten-down AI and semiconductor shares, according to investinglive.com. The U.S. dollar rose against major currencies following a hotter-than-expected consumer price index report, which showed core prices increased by 0.3% for the third consecutive month.
CRWV closed at $48.73 on November 10, 2026, with premarket trading seeing a jump of more than 16% following the company's forecast for adjusted profitability by the first half of 2028. Inflation data released on November 10, 2026, confirmed a monthly headline increase of 0.4%, exceeding the 0.3% forecast and maintaining pressure on the Federal Reserve.
Market participants are looking ahead to the Producer Price Index (PPI) release on November 13, 2026, with a forecast of 0.4% monthly growth. Additionally, initial jobless claims data is scheduled for release on November 12, 2026, which may provide further insight into labor market conditions amid persistent inflation.