Strong Results from CoreWeave, Super Micro Computer Boost Stock Futures

Dow Jones17:53

Stocks tied to the AI trade are back on top this morning after stellar results from CoreWeave and Super Micro Computer.

-- Cloud-computing company CoreWeave reported its fifth consecutive quarter of record revenue and a sales backlog of $104 billion yesterday-in the latest sign of continued strength of demand for AI computing. Its shares are up 17% premarket.

-- Server company Super Micro Computer reported sales that nearly doubled in its fiscal fourth quarter and surging profit. Its shares jumped 9% before the opening bell.

That's lifting shares of other companies tied to the AI trade. Lumentum Holdings, Coherent and Marvell Technology are all rising 3% or more premarket, on pace to dig out of losses recorded so far this week.

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