Today’s Market Movers: Nvidia, CoreWeave Rally as Futures Rebound From Inflation Selloff

TLDR S&P 500 and Nasdaq 100 futures rose Wednesday after Tuesday’s selloff, which followed a hotter-than-expected inflation reading. CoreWeave jumped 13% premarket after third-quarter revenue of $3.66 billion beat estimates and full-year guidance was raised. Nvidia gained 5.2% premarket, even as investors watch news about CEO Jensen Huang. Costco declared a $30 per share special dividend and reauthorized a $4 billion buyback. Rigetti Computing fell after posting a wider loss and $1.4 million in revenue. Stock futures climbed on Wednesday as investors bought shares after a rough prior session. S&P 500 and Nasdaq 100 futures were both higher. Tuesday’s drop followed an inflation report that came in hotter than expected. Several artificial intelligence names led the early gains.

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