Economic TimesLean R·
US stocks: S&P 500, Nasdaq rise as CoreWeave results ease AI spending concerns
The S&P 500 and Nasdaq indices showed positive growth as CoreWeave posted impressive financial results, calming fears regarding AI expenditure. Following its projection of reaching profitability by 2028, CoreWeave's stock jumped 12.7%, boosting investor confidence about ongoing demand. AI infrastructure stocks mirrored this positive trend. Despite some volatility linked to interest rate fluctuations and inflation, most stocks rose in value, with oil prices recovering after Iran's comments.
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