Global stock markets surged on Wednesday, November 11, 2026, as tech giants led a rally fueled by optimism around artificial intelligence. The Nasdaq 100 climbed 2.3%, setting the stage for its best weekly performance since May. The S&P 500 also gained 1.3%, with Nvidia Corp. and CoreWeave Inc. standing out as major movers. CoreWeave Inc. soared 25% after delivering an upbeat outlook, while Nvidia Corp. continued its upward trajectory.
Fresh evidence of strong demand in the AI sector came from OpenAI, which reported quarterly revenue of $10 billion. Additionally, Anthropic PBC's initial public offering was reported to be oversubscribed, further bolstering investor confidence. European shares reached all-time highs, reflecting the broad-based rally.
Meanwhile, bonds slid as investors adjusted their bets on Federal Reserve policy. The shift in sentiment underscored the growing divergence between equities and fixed income markets. The tech-driven rally highlighted the resilience of the AI trade, which has been a key driver of the bull market in recent months.