【US Pre-Market】CoreWeave Jumps Over 16% on Plans to Issue Billions in GPU-Backed Debt; Nvidia Rebounds Over 4%, AMD, Micron Rise Over 6%

TradingKey - On November 11, Eastern Time, the three major U.S. stock index futures rose across the board, with Nasdaq 100 futures leading the gains. As of press time, Dow futures were up about 0.14%, S&P 500 futures rose about 0.84%, and Nasdaq 100 futures gained about 1.86%.

[Source: Investing]

In commodities, international oil prices snapped their previous losing streak and rebounded on the morning of November 11. As of press time, Brent crude (UKOIL) rose to $91.97 per barrel, while WTI crude (USOIL) stood at $86.81 per barrel, up 0.89%. Uncertainty surrounding U.S.-Iran tensions persists, and risks to shipping in the Strait of Hormuz and energy supplies continue to impact oil prices.

Gold (XAUUSD) is currently trading at $4,044.50 per ounce, while Bitcoin (BTCUSD) was trading near $73,931.

Market Movers

CoreWeave (CRWV) surged over 16% in premarket trading, with third-quarter revenue up 168%.

CoreWeave's third-quarter revenue reached $3.661 billion, up 168% year-over-year and beating market expectations. The company raised its full-year 2026 revenue guidance to between $13 billion and $13.3 billion, and expects its annualized revenue run rate to reach $20 billion to $21 billion by year-end. The strong results and growth guidance drove the stock higher in post-market and premarket trading.

Nvidia (NVDA) and memory chip stocks rebounded in premarket trading, as the semiconductor sector pared some losses.

As of press time, Nvidia rose over 4%, AMD (AMD) climbed over 6%, Micron (MU) gained over 6%, and SanDisk (SNDK) jumped over 8%.

On the previous day, Nvidia dropped about 5.5%, and semiconductor stocks were broadly under pressure. CoreWeave's better-than-expected results provided support for the AI computing sector, but market concerns over returns on AI capital expenditures have yet to dissipate.

Nebius (NBIS) rose nearly 12% in premarket trading, with AI cloud computing stocks strengthening in tandem.

Nebius rose about 11.9% in premarket trading. Following CoreWeave's upward revision of its full-year revenue guidance, AI cloud computing companies attracted market attention. Investors continue to assess these companies' data center delivery capabilities, financing costs, and the fulfillment of computing power contracts.

SpaceX (SPCX) rose about 2.5% in premarket trading, with investments in solar cell production lines drawing attention.

SpaceX rose about 2.5% in premarket trading. The company recently announced an expansion of its AI infrastructure footprint in Texas and signed a contract with Germany's SINGULUS for HJT solar cell production equipment, supporting satellite manufacturing and energy supply.

Market News

CoreWeave plans to raise billions of dollars in chip-backed loans, with financing rates expected to be between 7% and 7.5%.

According to a Financial Times report on November 11, CoreWeave plans to raise billions of dollars backed by Nvidia GPUs and other computing equipment to procure hardware and fulfill a contract with an unnamed investment-grade client.

The company expects borrowing rates of 7% to 7.5%, lower than the yields on some of its unsecured debt that exceed 15%. In addition, CoreWeave anticipates receiving approximately $9 billion in customer prepayments and security deposits over the next three months to fund equipment procurement and data center construction.

TSMC's October revenue grew 59.7%, as its board of directors approved $500 million investments each in Anthropic and OpenAI.

TSMC (TSM) reported consolidated revenue of NT$586.89 billion for October 2026, up 59.7% year-over-year and 14.7% month-over-month; cumulative revenue for the first 10 months of the year reached NT$4.4856 trillion, up 43.3% year-over-year.

TSMC's board of directors also approved investments of up to $500 million each in Anthropic and OpenAI. Among them, the Anthropic investment will subscribe to common shares at its IPO offering price, while the OpenAI investment will be used to subscribe to preferred shares. The investments remain subject to their respective transaction arrangements.

Anthropic's IPO seeks to raise up to $64.4 billion, with seven tech firms planning an additional $26 billion investment.

Anthropic's latest prospectus shows that the company plans to offer 825 million shares at $70 to $78 per share, including newly issued shares by the company and shares sold by existing shareholders, bringing the total public offering size to up to approximately $64.4 billion.

In addition, Google, Nvidia, AMD, Broadcom, Micron, Microsoft, and TSMC Partners, Ltd. plan to subscribe to a combined $26 billion of Class N common shares through separate private placements. The two financings are distinct arrangements, and final amounts remain contingent upon offering and placement conditions.

Anthropic launches Claude workplace tools, expanding its competition with Microsoft's Microsoft 365.

Anthropic rolled out Claude Sheets, Claude Whiteboards, and Claude Data for spreadsheet processing, collaborative whiteboards, and data analysis, respectively, further expanding Claude's footprint in enterprise workplace scenarios.

These tools have begun covering parts of the functionality of Microsoft (MSFT) Office and Microsoft 365, potentially intensifying competition in the enterprise AI workplace software market.

SpaceX signed an HJT solar cell production line contract with Germany's SINGULUS, with the initial order exceeding 60 million euros.

German equipment manufacturer SINGULUS announced on November 10 that it has signed an equipment supply contract with SpaceX for an HJT heterojunction solar cell production line, with the order value for the first line exceeding 60 million euros and delivery expected in the first half of 2027.

Musk stated that the equipment ordered by SpaceX has a planned annual capacity of 100 GW. This capacity represents a planned target and does not mean the production line has been built or commenced operations.

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