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Will the S&P 500 open higher? Polymarket odds hit 68% as Wall Street eyes Meta and Tesla earnings, booming AI demand, and $110 Brent crude.
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Intel shares rallied 7.52% on November 11, 2026, as CoreWeave's stronger-than-expected Q3 results reinforced AI infrastructure demand across the semiconductor sector. The gains reversed earlier losses following post-election concerns about potential AI regulation. However, Intel faces headwinds from a weakening PC market, which prompted a weak Q4 forecast in late October.
Wall Street staged a strong recovery on November 11 as AI enthusiasm returned, lifting technology and semiconductor stocks. The Nasdaq climbed 1.60% to 25,466, while the S&P 500 gained 1.29% to 7,618. CoreWeave surged 24.71% on record earnings and improved revenue outlook, while Micron Technology and Oracle also posted significant gains. However, underlying economic concerns about inflation and elevated valuations persist.
CoreWeave surged 25% on November 11, 2026, after delivering strong Q3 earnings with $3.66 billion in revenue that beat expectations and raising its full-year 2026 guidance to $13.15 billion. CEO Michael Intrator highlighted multiple funding sources including $9 billion in expected customer prepayments over the next three months, easing investor concerns about data center growth and financing. The broader market also gained with the S&P 500 up 1.31% and Nasdaq up 1.60%, while AI infrastructure peers also rallied.
TeraWulf Inc. (NASDAQ: WULF), now an AI infrastructure company, is rising Wednesday as CoreWeave's earnings lift AI infrastructure stocks.
The U.S. Securities and Exchange Commission has finalized the distribution of a $40-million fund established following a 2018 securities fraud settlement involving Elon Musk and Tesla.
SpaceX stock fell after the 2026 midterm elections due to concerns about potential AI regulations, particularly in Texas where the company is headquartered. While the company shows strong business fundamentals with 161% revenue growth and AI revenues exceeding half its top line, the author recommends waiting to buy due to upcoming insider lockup expirations on December 8 that could increase volatility.