Wall Street saw a boost on Wednesday, November 11, 2026, as artificial-intelligence stocks rebounded, lifting the broader market. The S&P 500 climbed 0.9%, marking its third gain in four days after last week’s downturn fueled by concerns over AI data center construction. The Nasdaq composite surged 1.4%, though other sectors lagged, with the Dow Jones Industrial Average slipping 0.1%. CoreWeave, a key player in the AI sector, led the rally with a 10.7% jump after reporting a smaller-than-expected quarterly loss and announcing measures to ease investor worries about higher interest rates and industry slowdowns.
CoreWeave CEO Michael Intrator highlighted the company’s financial stability, citing US$9 billion in expected customer prepayments and deposits over the next three months. Analysts noted this as progress toward self-funding. The company also raised its annual revenue forecast, surpassing expectations, despite lingering industry challenges. Other AI-related stocks followed suit, with Micron Technology and Broadcom each rising 5.6%, and GE Vernova gaining 3%. Even Nvidia, which has faced recent declines due to unrelated controversies, climbed 2.9%.
Outside of tech, Fossil Group surged 30.9% after reporting stronger-than-expected profits and raising its revenue forecast. However, trading was mixed, with more S&P 500 stocks falling than rising. StubHub dropped 7% on weaker summer results. Oil prices also rose, with Brent crude adding 1.2% to $92.63, though the U.S. bond market was closed for Veterans Day. Internationally, European and Asian markets saw gains, with South Korea’s Kospi jumping 2.6%, while Hong Kong’s Hang Seng fell 1%. China’s Singles Day shopping festival began, offering insights into consumer spending in the world’s second-largest economy.