My top 10 things to watch Wednesday, Nov. 11 1. A rebound day incoming? Nasdaq futures are up almost 2% this morning, as upbeat earnings from influential neocloud CoreWeave ripple across the broader AI trade. The S & P 500 is also heading toward a solidly higher open. WTI crude is up over 1%. The bond market is closed today in observance of Veterans Day. 2. Good data center versus bad data center: CoreWeave is a good one. Shares are up 14% premarket. Better-than-expected revenue and adjusted operating margins of 10.4%, reaching double digits ahead of schedule. Also better-than-feared comments on 2027 financing needs. Plus, its older Nvidia chips are holding their value for longer than people think. Will be talking to CEO Mike Intrator on "Squawk on the Street" later this morning. 3. Here are four things that I think Nvidia must to do as next week's earnings report approaches: (1) introduce the world to Ian Buck, the inventor of its linchpin CUDA software who currently serves as its VP of hyperscale and high-performance computing business, (2) lean into…
Jim Cramer's top 10 things to watch in the stock market Wednesday
In short
U.S. stock index futures are posting solid gains, with Nasdaq futures leading the charge on the back of CoreWeave's impressive quarterly margins and addressed financing concerns. Meanwhile, heavyweight Nvidia is under severe pressure following sharp Wall Street downgrades ahead of its earnings report, contrasting with broader semiconductor valuation declines. Investors are also digesting major shareholder return announcements from Costco, including a massive special cash dividend and buyback plan.
Key points
- A strong rebound in artificial intelligence infrastructure earnings is helping buoy tech…: A strong rebound in artificial intelligence infrastructure earnings is helping buoy tech sector sentiment ahead of the opening bell.
- High-profile analyst downgrades for Nvidia underscore growing apprehension surrounding 20…: High-profile analyst downgrades for Nvidia underscore growing apprehension surrounding 2027 data center visibility and leadership overhang.
- Broader semiconductor sector multiples have contracted sharply, with the VanEck Semicondu…: Broader semiconductor sector multiples have contracted sharply, with the VanEck Semiconductor ETF hitting its lowest forward valuation since late 2022.