Markets News, November 11, 2026: S&P 500 and Nasdaq Surge as CoreWeave Accelerates the Great AI Rally; Chip stocks jump as Nvidia rebounds

Apple closes at a new record

1 hour 18 minutes ago

Apple has weathered the volatility that has recently hit tech stocks better than any of its mega-cap peers.

Shares of the iPhone maker rose 2% to end Wednesday’s session at a record closing high of just under $356. The stock far exceeded the average target, at $339, of Wall Street analysts surveyed by Visible Alpha.

The stock is up 31% year to date, more than double the gain the tech-heavy Nasdaq 100 will see in 2026. It’s also the best-performing Magnificent 7 stock this year, by far.

Apple has also overtaken Nvidia in recent weeks as the world’s largest company by market capitalization, with a market value of $5.16 trillion.

Investors Watch Treasury Rates, Fed Commentary

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Investors and others who closely watch Treasury yields got a reprieve today with the bond market closing for Veterans Day.

The yield on the benchmark 10-year Treasury note — which affects interest rates on all kinds of loans, including mortgages — touched 5.03% yesterday, its highest level in more than two weeks, as investors digested inflation data that reinforced expectations that the Fed will have to raise its key interest rate. The yield, which was at 4.89% just before the release of the October CPI report, ended yesterday’s session just below 5%.

Two members of the Federal Interest Rate Setting Committee, Fed Governor Christopher Waller and Dallas Fed President Lorie Logan, called Tuesday for a rapid tightening of monetary policy.

Waller, speaking before the release of the higher-than-expected CPI figures, said inflation remained too high and a tightening of monetary policy was needed “sooner rather than later”. Waller, who was part of the majority that opted to keep interest rates steady last month, expressed support for inflation returning to its target level in the “medium term,” saying he would support a 50 basis point hike in December if the data bears it out.

Several other Fed officials are expected to speak this week.

Nvidia shares jump after heavy losses

1 hour 18 minutes ago

Nvidia is rebounding today. This is good news for the markets.

Shares of Nvidia (NVDA) are up nearly 5% recently, rebounding after a brutal start to the week and a month that, as of last night’s close, saw the stock down 18% in November just weeks after posting record highs.

The latest selloff was largely due to unusual, company-specific factors, namely revelations that the company’s board was investigating CEO Jensen Huang’s relationship with a suspected Chinese spy. But broader issues have also weighed on Nvidia, the world’s second-most valuable company and a key component of major indexes and investors’ portfolios.

While the phrase may seem trite, as Nvidia prepares to release its quarterly results next week, all eyes may be on it right now. Money management firm Hirtle said earlier this week that while its portfolios are generally underweight AI at present, it may consider increasing its exposure to levels broadly in line with the S&P 500; he estimates that about half of the index’s weighting is tied to AI spending.

“We could move closer to benchmark weightings if stronger evidence of investment returns, more attractive pricing, or a combination of both makes the opportunity more attractive,” Hirtle wrote. “For long-term investors, the task is to participate in technological progress while maintaining discipline on the price paid and the concentration accepted.”

With Nvidia rising today, investors are exhaling, with stocks broadly rising and AI-related ETFs such as the iShares Semiconductor ETF (SOXX) also rising. This is likely due not only in part to a feeling that the company’s shares have fallen enough, but perhaps also because investors have become too pessimistic after inflation data released yesterday raised fears that the Fed will raise interest rates by half a percentage point next month.

“It is difficult for me to envision a sustained rally in the S&P 500 without Nvidia’s participation,” Michael Kramer of Mott Capital Management wrote yesterday. “At this point, wherever Nvidia goes, the market as a whole is likely to follow.”

OpenAI revenue grows, but losses continue

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A likely second AI mega-IPO is in the spotlight this week.

OpenAI’s revenue reached $10 billion in the third quarter, with adjusted operating losses increasing to $10.9 billion, according to a report. Wall Street Journal report.

The company behind ChatGPT aims to go public next year, potentially following in the footsteps of rival AI lab Anthropic, which this week shared the price at which it intends to sell shares.

Taiwan Semiconductor Manufacturing Co. (TSM) on Tuesday approved a plan to purchase hundreds of millions of dollars of shares in the two companies.

–Sarina Trangle

CoreWeave Stock Soars on Strong Profits

1 hour 18 minutes ago

Shares of CoreWeave (CRWV) jumped this morning after the company reported better-than-expected results Tuesday evening.

The AI ​​cloud provider reported nearly $3.7 billion in revenue and $709 million in losses, both higher than estimates compiled by Visible Alpha.

CEO Michael Intrator called it an “exceptional quarter” and raised CoreWeave’s revenue guidance for the full year to $13.3 billion.

CoreWeave shares recently rose 13%.

Nasdaq futures lead the market higher on Wednesday

9 hours 23 minutes ago

Futures contracts tied to the tech-heavy Nasdaq 100 recently rose 1.9%.

S&P 500 futures rose 0.9%.

Dow Jones Industrial Average futures rose 0.2%.