CoreWeave raised its 2026 revenue and capital spending forecasts after quarterly sales more than doubled, while Bloomberg linked gains in Asian stocks to improved sentiment around artificial intelligence.
At 8:25 p.m. ET Tuesday, Nov. 10 (01:25 UTC Wednesday, Nov. 11), Bloomberg’s later market snapshot showed the MSCI Asia Pacific Index up as much as 0.8%. Japan’s Nikkei 225 gained 0.8%, South Korea’s Kospi rose 0.6% and Nasdaq 100 futures added 0.6%.
In Wednesday trading, Japan’s 10-year government bond yield climbed 7.5 basis points to 2.755%, while Australia’s 10-year yield rose 6 basis points to 5.04%, Bloomberg reported. Bloomberg also said the two-year U.S. Treasury yield rose 17 basis points to 4.73% after October inflation data.
The U.S. AI cloud computing company reported revenue of $3.661 billion for the quarter ended Sept. 30, 2026, compared with $1.365 billion a year earlier. It posted a $709 million net loss and $846 million in net interest expense. Bloomberg reported a roughly 2% late-session share gain and said the quarterly figures surpassed analyst forecasts.
CoreWeave lifted its 2026 revenue outlook to $13 billion-$13.3 billion and its capital spending forecast to $37 billion-$39 billion. It said the higher forecast reflected plans to deploy infrastructure and deliver it to customers sooner. The company also expects its annualized revenue pace to reach $20 billion-$21 billion by the end of 2026.
During the quarter, CoreWeave raised about $4.2 billion through convertible senior notes and closed a $2.6 billion financing facility. It projected fourth-quarter interest expense of $1.05 billion-$1.15 billion. “This was a breakout quarter for CoreWeave,” said co-founder, chairman and CEO Michael Intrator.
The U.S. Bureau of Labor Statistics (BLS) said the Consumer Price Index for All Urban Consumers rose 0.4% in October from the prior month on a seasonally adjusted basis. The index excluding food and energy increased 0.3%. The BLS scheduled its November CPI report for Dec. 10, 2026, at 8:30 a.m. ET.
