Jim Cramer notes market participants need to pay attention to CoreWeave. Here's why
CNBC's Jim Cramer noted Wednesday that he's becoming less skeptical of CoreWeave after the neocloud's solid earnings and the CEO's "refreshing and reassuring" comments. CoreWeave shares spiked close to 25% on Wednesday following the firm reported better-than-expected quarterly revenue and raised its 2026 guidance.
In this article
In today's stock market today news, CNBC's Jim Cramer noted Wednesday that he's becoming less skeptical of CoreWeave after the neocloud's solid earnings and the CEO's "refreshing and reassuring" comments. CoreWeave shares spiked close to 25% on Wednesday following the firm reported better-than-expected quarterly revenue and raised its 2026 guidance.
Key points
- That dynamic has allowed CoreWeave to consistently increase prices.
- The results, which were out Tuesday evening, aided ease fears about a slowdown in AI infrastructure spending.
- For Cramer, the comments offered a welcome counterpoint to the latest pessimism surrounding AI infrastructure shares.
- The Intrator interview also supported ease worries about growing political opposition to data center construction.
Stock market today: the details
The results, which were out Tuesday evening, aided ease fears about a slowdown in AI infrastructure spending. That dynamic has allowed CoreWeave to consistently increase prices, supporting more robust gross margins even as it spends heavily to expand its infrastructure. The Intrator interview also supported ease worries about growing political opposition to data center construction.
For Cramer, the comments offered a welcome counterpoint to the latest pessimism surrounding AI infrastructure shares.
Why traders are watching stock market today
Equity moves reflect expectations for earnings, interest rates and economic growth. Strong or weak results from large companies can shift sentiment across whole sectors and indices.
Stock-market sentiment also spills over into currencies: risk-on moods tend to favour higher-yielding currencies, while sell-offs often support safe havens.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-12 00:20 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 74,016.01 | 0.48% | 74,811.45 | 73,209.12 |
| Ethereum (ETH) | 2,058.77 | 0.33% | 2,103.78 | 2,035.83 |
| Solana (SOL) | 83.63 | 0.20% | 85.85 | 82.19 |
What to watch next for stock market today
Traders will track upcoming earnings, guidance from company management, bond yields and macro data that could change the rate outlook.
Key scheduled releases on the economic calendar:
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Breaking Market News, read Mortgage rates jump steeply higher, after easing for four straight weeks. Here's why or see all of today's top market news.
FAQ
What is the latest stock market today news?
CNBC's Jim Cramer noted Wednesday that he's becoming less skeptical of CoreWeave after the neocloud's solid earnings and the CEO's "refreshing and reassuring" comments.
Why do stock markets react to interest rates?
Higher rates raise borrowing costs and reduce the present value of future profits, which tends to weigh on stock valuations, especially for growth companies.
Where does this information come from?
This report is based on coverage from CNBC World, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
