Coreweave

Google is preparing two specialized AI chips for launch next year, intensifying competition with Nvidia in a market already questioning AI infrastructure valuations. Nvidia also faces added uncertainty after its board opened an inquiry tied to reports involving CEO Jensen Huang.

AI infrastructure stocks remain under heavy pressure after Democratic victories sharpened investor concerns about tighter data center construction rules. Texas has become a key focus because of its planned U.S. data center power capacity, while Elon Musk and Chamath Palihapitiya have drawn renewed attention to space-based infrastructure themes.

December E mini Nasdaq 100 futures are trading sharply higher as chip shares attract renewed demand after an Intel upgrade. The rebound remains technically fragile, with CoreWeave debt concerns, heavy put activity, and major earnings from Meta Platforms and Tesla keeping the AI trade under pressure.

Gold advanced as falling Treasury yields and a weaker U.S. dollar improved the backdrop for precious metals. Silver and platinum also gained, with traders watching key resistance and support zones across the metals complex.

The Dow advanced sharply and the S&P 500 edged higher, but weakness in technology shares kept the Nasdaq under pressure. Hot producer inflation reinforced Federal Reserve risk, while falling Treasury yields helped gold recover after recent losses.

The Nasdaq advanced as July CPI data kept the September Fed-hold trade alive and AI infrastructure earnings gave technology buyers fresh support. CoreWeave and Super Micro pointed to strong demand across cloud capacity and AI-ready data-center servers.

The Nasdaq advanced as July CPI data kept the September Fed-hold trade in play and AI infrastructure earnings strengthened risk appetite. CoreWeave and Super Micro led the move after updates that pointed to firm demand across cloud computing and AI-ready data-center hardware.

Galaxy Digital shares moved lower in pre-market trading after the company reported a narrower quarterly loss but revenue that missed expectations. Investors also focused on the Helios data-center business, which generated revenue for the first time but did not announce a new customer or lease.