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Marvell Technology stock surged over 9% Wednesday amid an AI-driven tech rally. See key support levels, analyst targets, and price action.
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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.
AMD stock surged 8.43% following CoreWeave's strong Q3 earnings beat and raised guidance for 2026, signaling increased capital spending on semiconductor chips. Additionally, a UBS report highlighted that server CPU shipments jumped 31% year-over-year in Q3, with AMD maintaining steady market share at 28.4% while Intel declined. UBS projects CPU sales could reach $210 billion by 2030, potentially generating $60 billion in revenue for AMD alone.
Bloom Energy stock surged 15.32% following positive updates from the data center sector. CoreWeave reported strong Q3 results with overwhelming infrastructure demand, easing concerns about a slowdown in data center construction. Additionally, SoftBank's $3.7 billion loss on power generation equipment for data centers suggests potential increased demand for Bloom's fuel cell alternatives. The company maintains a positive order trajectory with record quarterly revenue and raised full-year guidance.