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via finance.yahoo.comMarkets

Nvidia, chip stocks rebound premarket after CoreWeave lifts revenue outlook

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Nvidia (NASDAQ: NVDA) and other chip stocks are trading higher in premarket trading on Wednesday after AI cloud provider CoreWeave (NASDAQ: CRWV) raised its full-year revenue forecast, easing some concerns about demand for AI infrastructure. Our AI stock…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe chip rebound tied to CoreWeave's outlook concerns sentiment on demand for AI infrastructure.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01CoreWeave raised its full-year revenue forecast and its shares jumped more than 13% premarket.
  2. 02Nvidia rose 4.9% to $177.08 before the open, rebounding after pressure tied to CEO Jensen Huang.
  3. 03Micron gained 6.5%, AMD 6.4%, Intel 6.2% and Broadcom 4.2% in premarket trading.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NVIDIA CorporationNVDAStock168.89 USDMarket closedtoday -5.47%Positive Micron Technology, Inc.MUStock725.11 USDMarket closedtoday -1.10%Positive Advanced Micro Devices, Inc.AMDStock515.21 USDMarket closedtoday +1.30%Positive Intel Corp.INTCStock58.13 USDMarket closedtoday -2.09%Positive Broadcom Inc.AVGOStock331.98 USDMarket closedtoday +3.91%Positive CoreWeave, Inc. Class A Common StockCRWVStock48.73 USDMarket closedtoday -0.51%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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