S&P 500 and Nasdaq Rise More Than 1% as CoreWeave Results Ease AI Spending Jitters
The S&P 500 and Nasdaq climbed more than 1% on Wednesday after CoreWeave's solid earnings eased investor concerns about AI spending. Nvidia also recovered some ground after losses in the prior two sessions.
By Utkarsh Hathi and Tharuniyaa LakshmiThe S&P 500 and the tech-heavy Nasdaq climbed more than 1% on Wednesday after neocloud firm CoreWeave's solid earnings eased investor concerns about bloated AI expenditure, while Nvidia recovered some ground following a rout in the last two sessions.CoreWea…