Nasdaq Futures Rise 2% as Chip, Memory and Optical Stocks Rally; Lumentum and Coherent Up 9%

Nasdaq futures rose 2% in pre-market trading on November 11, according to market data, after CoreWeave’s earnings beat estimates. S&P 500 futures gained 0.9% and Dow futures rose 0.19%.Optical communication stocks led the gains:AXT (AXTI): +10.15%Lumentum (LITE): +9.47%Coherent (COHR): +9.40%Marvell Technology (MRVL): +8.09%Applied Optoelectronics (AAOI): +8.03%Ciena (CIEN): +7.27%Fabrinet (FN): +5.56%Semiconductor and memory stocks also rose:Seagate Technology (STX): +8.64%SanDisk (SNDK): +8.59%Western Digital (WDC): +7.29%AMD: +7.29%Micron Technology (MU): +6.88%Intel (INTC): +6.73%Nvidia (NVDA): +4.09%Crypto stocks edged higher:SharpLink (SBET): +1.88%Strategy (MSTR): +1.13%Circle (CRCL): +1.12%BitMine (BMNR): +0.64%