Wall Street Set for Higher Open as CoreWeave Results Ease AI Spending Concerns
US stock futures pointed to a higher open after CoreWeave results eased concerns about AI spending.
Story updates
01:52:17 PM UTC
SquawkNews
By Utkarsh Hathi and Tharuniyaa LakshmiThe main US indexes were on track to open higher on Wednesday after neocloud firm CoreWeave's strong earnings assuaged investor worries about bloated AI expenditure.CoreWeave's NASDAQ:CRWV shares jumped more than 15.6% in premarket trading after the battere…
01:57:35 PM UTC
SquawkNews
By Kelly CloonanOther neocloud stocks gained after CoreWeave reported better revenue and backlog than Wall Street was expecting in the latest quarter, helping to ease concerns over its rising borrowing costs.Shares of Nebius Group climbed 13% to $151.84 in premarket trading on Wednesday, while Appl…