Stock Market Today: Nasdaq Futures Jump as CoreWeave Results Ease AI Demand Worries

TLDR Nasdaq 100 futures rose 1.9% Wednesday after CoreWeave reported a 168% jump in quarterly revenue. CoreWeave shares gained 13% and its order backlog reached $132.5 billion. Nvidia rebounded 5% after falling nearly 10% to start the week. October CPI rose 0.4%, and traders see about a 90% chance of a December rate hike. Applied Materials and Cisco report Thursday, and the Producer Price Index arrives Friday. U.S. stock futures climbed early Wednesday as technology shares bounced back. The move followed strong results from AI cloud provider CoreWeave. Investors had worried that demand for AI computing might be slowing. CoreWeave said its quarterly revenue grew 168% from a year earlier. The company also reported a backlog of orders worth $132.5 billion.

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