CoreWeave Earnings Lift Tech, Sending Nvidia Up 2% as 10-Year Yield Nears 4.99%
Updated
Updated · Yahoo Finance · Nov 11
CoreWeave Earnings Lift Tech, Sending Nvidia Up 2% as 10-Year Yield Nears 4.99%
3 articles · Updated · Yahoo Finance · Nov 11
Summary
CoreWeave’s better-than-expected quarterly results revived AI-linked buying on Wednesday, pushing the tech sector higher and helping Nvidia rebound 2% after two straight losses.
Nvidia’s gain came despite fresh scrutiny after CEO Jensen Huang disclosed an affair involving a woman U.S. officials reportedly suspect has ties to Chinese intelligence.
Treasury yields added pressure in the background, with the 10-year hovering near 4.99% after a hotter-than-expected October inflation reading reinforced bets on a rate hike next month.
Oil also climbed, with Brent near $92 a barrel and WTI around $87, underscoring a broader market backdrop of rising costs even as AI enthusiasm returned.