TradingKey

TradingKey - On November 11, the three major U.S. stock indices rose across the board. Strong earnings and raised revenue guidance from CoreWeave (CRWV) boosted the AI infrastructure sector, with semiconductor stocks leading the gains and the Nasdaq outperforming the broader market. Coinciding with U.S. Veterans Day, U.S. stock markets traded normally while the bond market was closed, meaning interest rate concerns triggered by the prior day's inflation data did not escalate further in the bond market for the time being.

Japanese and South Korean stock markets opened with turnover at high levels, with the KOSPI edging up 0.43%, Samsung jumping 1.7%, and the Nikkei holding firm at 61,000.

On Wednesday, November 11, Eastern Time, U.S. stocks moved higher. CoreWeave's earnings report and raised full-year guidance boosted AI-related stocks, Nvidia rebounded after two consecutive sessions of declines, and subscription demand for Anthropic's IPO also provided support to market sentiment. At the close, the Dow Jones Industrial Average rose 0.49% to 52,486.49; the Nasdaq Composite Index gained 1.60% to 25,466.19; and the S&P 500 Index climbed 1.31% to 7,619.38.

On November 11, Eastern Time, Oracle (ORCL) shares rose 10%, reclaiming the $130 mark. Recently, uncertainties surrounding returns on AI investments and the competitive landscape in the software industry have continued to weigh on Oracle's stock price. However, Bernstein believes that the market has undervalued the worth of its AI data centers and core database business.

According to Bloomberg, citing people familiar with the matter, subscription demand for Anthropic's initial public offering (IPO) has reached multiple times the available shares, driven primarily by large anchor subscription commitments. Following a selloff in AI stocks, this development indicates that investors remain willing to fund leading model companies with rapidly expanding revenue.

On November 11, Eastern Time, after CoreWeave (CRWV) released its financial results and raised its revenue guidance, AI infrastructure stocks rebounded notably, with the Philadelphia Semiconductor Index rising over 6%. It is important to accurately understand this catalyst: CoreWeave has not yet turned a net profit. In the third quarter, the company reported a GAAP net loss of $709 million and an adjusted net loss of $529 million; management expects adjusted net income to turn positive in the first half of 2028. Supporting the rebound were improved operating performance and the company's clarification regarding its future financing and path to profitability.

On November 11, Eastern Time, memory stocks surged, with SanDisk (SNDK) rising 13.95%, Micron Technology (MU) gaining 11.03%, Seagate Technology (STX) climbing 9.94%, SK Hynix (SKHY) advancing 9.40%, and Western Digital (WDC) up 7.50%. Following a month-long pullback, Morgan Stanley noted a clear divergence between supply chain orders and capital market sentiment, stating that the valuation decline has improved the risk-reward profile for memory stocks, with a particular focus on Micron Technology and SanDisk.

TradingKey - On November 11, Eastern Time, SpaceX (SPCX) rose more than 2% in pre-market trading. Earlier, German equipment manufacturer SINGULUS TECHNOLOGIES announced that it signed a supply contract with SpaceX for solar cell production equipment.

TradingKey - Amid a heavy sell-off in AI stocks, Nvidia's (NVDA) valuation has dropped to levels not seen in years. According to FactSet data, the company's forward 12-month price-to-earnings ratio currently stands at approximately 11.7 times, marking its lowest level since October 2011.

TradingKey - On November 11, Eastern Time, the three major U.S. stock index futures rose across the board, with Nasdaq 100 futures leading the gains.

TradingKey - TSMC (TSM) extended its pre-market gains to 5% on Wednesday, with its stock price rising to $418. If this momentum continues into the market open, it is poised to fully recoup its cumulative losses since November.

TradingKey - Take-Two stock jumped 8.31% to $224.64 as GTA VI preorders beat expectations despite a Q2 bookings miss, with $229.37 trendline resistance next.

TradingKey - Cisco (CSCO) will release its first-quarter fiscal 2027 financial results after the U.S. market close on November 12, Eastern Time, and host an earnings conference call at 16:30 on the same day. The reporting period for the quarter ended October 24.

TradingKey - CoreWeave (CRWV) shares rose as much as about 17% in pre-market trading on Wednesday to near $57, reversing a previous sustained downward trend.

TradingKey - Rocket Lab stock rose 6.6% to $62.74 after record Q3 revenue and a 52% backlog jump, reclaiming $55.86 support with the $68.14 trendline next.

TradingKey - Microsoft shares fell 2.20% to $533.16 as Anthropic launched office tools, even as MSFT passed Nvidia in value, with $525.19 support now in focus.

TradingKey - Nebius (NBIS) is set to release its quarterly earnings, but its stock remains under significant selling pressure ahead of the results.

TradingKey - Anthropic's latest prospectus discloses the company's major investors, ownership structure, and concurrent private placement arrangements for its IPO. Amazon (AMZN) and Google parent company Alphabet (GOOGL) are both key strategic investors in Anthropic.

TradingKey - On November 11, U.S. memory chip and data storage sectors strengthened collectively in premarket trading. Rebounding from a recent string of pullbacks, memory stocks bounced back, with Western Digital (WDC) and Micron Technology (MU) both gaining more than 5% in overnight trading, while SanDisk (SNDK) rose over 6%. As AI infrastructure company CoreWeave (CRWV) posted strong quarterly results and raised its full-year revenue guidance, market concerns over AI computing power demand and data center returns on investment eased, providing support for the semiconductor and memory sectors.

TradingKey - CoreWeave stock jumped 16% overnight to $56.67 after a Q3 beat, a raised outlook and a plan to avoid new unsecured debt, with $53.23 the level to hold.