Good morning. Stocks rebounded Wednesday after better-than-expected quarterly results from CoreWeave (CRWV) boosted AI trading, sending the technology sector (XLK) higher.
Shares of AI chip heavyweight Nvidia (NVDA) rebounded 2%, on course for back-to-back losses. Nvidia has come under increased scrutiny since CEO Jensen Huang revealed an affair with a woman that U.S. officials reportedly suspect of having ties to Chinese intelligence services.
The Treasury yield (^TNX) rose to hover around 4.99% after October inflation was higher than expected on Tuesday, reinforcing expectations of a rate hike next month. Meanwhile, Brent crude oil futures (BZ=F) rose to $92 per barrel, while WTI (CL=F) also jumped to around $87 per barrel.
Learn more: How Surging Treasury Yields Could Affect Your Finances
Here’s a look at the markets this morning, based on a heat map powered by Yahoo Finance AlphaSpace data.
Here are some other notable stocks Yahoo Finance readers are checking out this morning: Nebius (NBIS), Broadcom (AVGO) and Micron (MU).
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