Live news: CoreWeave jumps 14% as earnings fuel rebound across battered AI stocks

Memory stocks lead tech recovery as Nasdaq futures climb 2%

Tech stocks rebounded as CoreWeave’s third-quarter results and plans for a higher Anthropic IPO valuation helped improve sentiment across the AI sector.

CoreWeave (CRWV) rose 14% in premarket trading after reporting revenue of $3.66 billion, up 168% year-over-year. The company raised its full-year revenue forecast to $13 billion to $13.3 billion, although its quarterly net loss widened to $709 million, or $1.27 per share.

Anthropic also prompted some optimism, with its bankers considering an IPO valuation of $1.5 trillion or more following strong investor demand, above the roughly $1.4 trillion target disclosed Tuesday.

Nvidia NVDA$168.91·Market Closed gained 4%, recovering some losses following revelations that CEO Jensen Huang had an affair with a woman reportedly suspected by U.S. intelligence of spying for China.

AI infrastructure stocks Cipher Digital CIFR$6.5160·Market Closed, IREN IREN$19.71·Market Closed and TeraWulf WULF$12.55·Market Closed each rose around 6%, while Nasdaq 100 futures climbed 2%. The Roundhill Memory ETF (DRAM) jumped 8%, and the VanEck Semiconductor ETF (SMH) gained more than 4%.

Bitcoin edged higher after testing its 200-day moving average near $73,116, but continued to trade just below $74,000.

LSE drops leverage restrictions for professional bitcoin and ether notes

The London Stock Exchange relaxed its admissionguidance for crypto exchange-traded notes aimed at professional investors, opening the door to leveraged bitcoin and ether products.

The change removes requirements for physical backing, no leverage, a reliable public price and cold storage or equivalent arrangements on professional-only segments. Eligible cryptocurrencies remain limited to bitcoin and ether, with anti-money-laundering requirements for custodians where applicable.

Deutsche Bank's digital asset custody service goes live

Deutsche Bank’s digital asset custody service for European institutional clients is now live.

The service, which has been known to be in the works for some time, will provide safekeeping of digital assets, including bitcoin, ether and stablecoins.

Deutsche Bank has said previously it plans to extend the service to clients in Asia, according to Reuters.