CoreWeave Sends AI Stocks Higher, Bitcoin Stays Above $73,000
CoreWeave’s results and a higher Anthropic valuation are boosting AI stocks, while bitcoin stays above $73,000 after testing its 200-day moving average.
Key Takeaways
- CoreWeave jumped 14% in premarket trading after strong quarterly results and raised its revenue outlook for this year.
- Anthropic could be considering a valuation of $1.5 trillion or more in a possible IPO, giving the AI sector an extra boost.
- Bitcoin tested its 200-day moving average around $73,116 and then traded just below $74,000.
Tech stocks bounced after CoreWeave posted strong quarterly results and Anthropic, according to banks, is heading toward a higher valuation in a possible IPO. Bitcoin also moved a bit higher after testing its 200-day moving average and then stayed just below $74,000 (€66,000).
CoreWeave Gives the AI Sector a Boost
CoreWeave rose 14% in premarket trading after the company reported revenue of $3.66 billion (€3.3 billion), up 168% from a year earlier. The company also raised its full-year revenue outlook to $13 billion (€11.6 billion) to $13.3 billion (€11.9 billion). At the same time, the quarterly loss widened to $709 million (€632 million), or $1.27 (€1.13) per share.
Sentiment in the AI sector also got support from Anthropic. The company’s bankers would be considering an IPO valuation of $1.5 trillion (€1.3 trillion) or more, after strong investor demand. That is above the roughly $1.4 trillion (€1.2 trillion) that was still being discussed on Tuesday.
Nvidia and Chip Funds Recover
Nvidia gained 4%, recovering part of its earlier losses. AI infrastructure stocks like Cipher Digital, IREN, and TeraWulf also rose about 6% each. Nasdaq 100 futures climbed 2%, while the Roundhill Memory ETF rose 8% and the VanEck Semiconductor ETF gained more than 4%.
For crypto investors, the key point is that moves like this often line up with more attention on computing power, chips, and data centers. These sectors are overlapping more and more, because many big AI companies and crypto miners need the same hardware and energy-heavy infrastructure. That is also visible in miners shifting toward AI data centers, like TeraWulf.
Bitcoin Holds Above $73,000 (€65,100)
Bitcoin moved with the broader risk mood and ticked higher after testing its 200-day moving average around $73,116 (€65,200). The coin then traded just below $74,000 (€66,000). That keeps bitcoin close to a level many traders see as an important short-term gauge.