Nvidia, AMD and Intel stocks rise as CoreWeave’s AI backlog climbs to $132.5 billion

Nvidia, AMD and Intel shares jumped in Wednesday’s pre-market session as renewed enthusiasm for artificial intelligence spending outweighed concerns from stronger-than-expected US inflation data. Nvidia rose about 2.5%, AMD gained over 5%, and Intel advanced more than 4% in early trading after CoreWeave’s earnings release. The Nasdaq 100 futures also recorded a 1.4% increase during the morning snapshot. This rebound followed Tuesday’s sharp sell-off, when Nvidia shares dropped roughly 5.5%. That decline was driven by market worries about rising interest rates and uncertainty linked to Nvidia CEO Jensen Huang. CoreWeave, a cloud provider backed by Nvidia, posted third-quarter revenue of $3.66 billion, representing a 168% jump from the same period last year. The company raised its full-year sales outlook for 2026 to a range of $13 billion to $13.3 billion.

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