TradFi News | CoreWeave Jumps 10% on 168% Revenue Growth, Lifting AI Stocks as Bitcoin Holds Near $74,000

CoreWeave’s third-quarter results brought some relief to AI stocks after last week’s selloff. Its shares rose 10% in pre-market trading on Wednesday, November 11, while bitcoin held steady near $74,000. CoreWeave Raises 2026 Forecast to $13–13.3 Billion CoreWeave, which rents cloud computing capacity to AI companies, said on Tuesday that third-quarter revenue grew 168% year over year. It raised its full-year revenue forecast to $13 billion to $13.3 billion. Its net loss widened to $709 million, or $1.27 a share, driven by higher interest costs. That was a smaller loss than the $1.53 per share analysts had expected. AI Infrastructure Stocks Rally The gains spread across AI infrastructure stocks: IREN rose 6%Galaxy Digital (GLXY) rose 5%Cipher (CIFR) gained 7%Nasdaq 100 futures climbed more than 1.5% Bitcoin and Gold Hold Steady Bitcoin was little changed over 24 hours at around $74,000, and gold held near $4,000 an ounce. The Dollar Index stayed above 102 after Tuesday’s hotter-than-expected inflation report strengthened expectations for higher US interest rates. Traders priced about an 86% chance of a quarter-point Fed rate hike on December 9 and a 14% chance of a half-point move. Anthropic Considers Higher IPO Valuation Anthropic’s bankers are considering an IPO valuation of $1.5 trillion or more, the Financial Times reported, citing people familiar with the matter. That would be above Tuesday’s target of about $1.4 trillion on a fully diluted basis. Anthropic’s filed price range is $70 to $78 a share. Strategic partners including Google, Nvidia and Microsoft are set to invest $26 billion in a separate private placement at the IPO price.