Stock Market Update
11-Nov-25 12:25 ET
CoreWeave's retreate weighs on AI sentiment
Dow +352.08
at 47720.50,
Nasdaq -119.40
at 23407.79,
S&P -1.39
at 6831.03
[BRIEFING.COM] The S&P 500 has returned to its flatline, while the Nasdaq Composite (-0.5%) holds a loss, and the DJIA (+0.7%) continues to outperform.
CoreWeave's (CRWV 91.60, -14.01, -13.27%) price action following its Q3 earnings report is weighing on investor sentiment towards the AI trade today.
The company delivered an impressive Q3 beat, with revenue surging 134% year-over-year as bookings and backlog accelerated, but the company trimmed FY25 revenue and pushed a meaningful portion of planned CapEx into future quarters after temporary delivery delays at a third-party data center developer.
The sharp pullback in shares underscores the market's sensitivity to execution timing: the powered-shell delivery delay at one partner is temporarily shifting revenue and CapEx into early 2026, creating near-term volatility despite preserved contract value.
