AI Stocks Lead Wall Street Rebound

U.S. stocks climbed on November 11, led by technology companies, as investors returned to AI-related shares after a difficult start to the week. Near the end of trading, the Nasdaq was up 1.7% and the S&P 500 had gained 1.4%. The Dow Jones Industrial Average rose 265 points, or 0.5%. Bond trading paused in observance of Veterans Day, while stock markets remained open.

CoreWeave shares surged 24% after the cloud-computing company posted a 168% increase in third-quarter revenue and raised its forecasts for 2026 revenue and operating income. Microsoft is its largest customer, and investors often view the company’s results as an indicator of demand for AI computing services. Shares of Advanced Micro Devices and Intel each rose 7.4%, while Broadcom gained 4.2%.

Nvidia shares advanced 3.4%, recovering some ground after falling sharply earlier in the week. The company’s board is investigating CEO Jensen Huang following revelations about his affair with a woman suspected of being a Chinese spy. Huang has acknowledged the affair and apologized. CoreWeave CEO Michael Intrator said Nvidia was supported by thousands of employees and urged people to allow its review process to proceed.

Investors also focused on a filing indicating that Anthropic expects a potential initial public offering to value the AI company at $1.4 trillion. The offering could come as soon as the following week. Still, concerns about the cost and profitability of AI data-center construction remain. Recent U.S. inflation data also unsettled markets, while oil prices rose on November 11; Brent crude remained below $100 a barrel.