Technology · New York, US · United States of America · November 11, 2026

CoreWeave jumps 24% on strong results

Reported by 1 outlet · under-reported · first reported Nov 11, 2:47 AM ET

CoreWeave shares soared more than 24% after it beat revenue forecasts and raised its outlook. Its CEO canceled a planned share sale. Alibaba plans to list its chip unit T-Head in Hong Kong. Meta's infrastructure head will leave in 2027.

Why it matters

AI infrastructure demand looks strong despite worries about the AI trade.

Background

CoreWeave rents computing power for AI.

Sources

• CNBC ↗Nov 11, 4:11 PM ET
• CNBC ↗Nov 11, 2:47 AM ET
• CNBC ↗Nov 11, 7:46 PM ET

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