CoreWeave’s (CRWV) third-quarter financial performance provided some respite to the struggling artificial intelligence sector, pushing its stock up by 10% during Wednesday’s premarket hours, whereas bitcoin BTC$73,963.92 and gold showed very little movement.
The artificial intelligence cloud infrastructure vendor disclosed on Tuesday that its quarterly revenue expanded by 168% compared to the previous year while upgrading its annual revenue projection to a range of $13 billion to $13.3 billion. Its net deficit increased to $709 million, amounting to $1.27 per share, largely due to elevated borrowing expenses.
This upward momentum extended across various artificial intelligence hardware equities, pushing IREN IREN up by 6%, Galaxy Digital GLXY higher by 5%, and Cipher Digital CIFR ahead by 7%. Additionally, Nasdaq 100 index futures advanced past 1.5%.
Over a 24-hour window, both bitcoin and gold maintained their positions relatively flat, hovering near $74,000 and $4,000 per ounce, respectively.
The U.S. Dollar Index sustained levels above 102 following Tuesday’s higher-than-anticipated inflation figures for October, which solidified forecasts for elevated borrowing costs within the global superpower. Market participants factored in roughly an 86% likelihood that the Federal Open Market Committee will deliver a 25-basis-point rate hike on December 9, alongside a 14% probability for a 50-basis-point adjustment.
In parallel, financial advisors representing Anthropic are evaluating an initial public offering valuation reaching $1.5 trillion or greater, surpassing the prior target of roughly $1.4 trillion from Tuesday, according to a Financial Times report referencing anonymous sources close to the situation. Key corporate allies, such as Google, Nvidia, and Microsoft, are additionally prepared to contribute $26 billion via an independent private share offering aligned with the public debut pricing.
Originally published at https://www.coindesk.com/markets/2026/11/11/coreweave-earnings-revive-ai-outlook-as-anthropic-weighs-higher-ipo-valuation.
