US Stock Market Move | AI cloud computing service providers collectively strengthened in pre-market trading, with CoreWeave (CRWV.US) rising over 13%.

On Wednesday, AI cloud computing service providers collectively strengthened in pre-market trading. CoreWeave (CRWV.US) rose over 13%, with Q3 revenue surging 168% year-over-year and the company raising its full-year revenue guidance; NEBIUS (NBIS.US) rose nearly 10%, Hut 8 (HUT.US) rose over 7%, IREN (IREN.US) rose over 6%, and Oracle Corporation (ORCL.US) rose over 4%. On the news front, AI cloud computing provider CoreWeave released strong quarterly results and raised its full-year revenue guidance, temporarily alleviating market concerns about slowing growth at this highly indebted company. In the third quarter, CoreWeave's revenue was $3.661 billion, up 168% year-over-year, exceeding analysts' expectations of $3.56 billion and also surpassing the upper end of the company's own guidance of $3.6 billion, with quarter-over-quarter growth of 42%. The single-quarter revenue increment exceeded $1 billion for the first time. Net loss per share was $1.27, better than the market expectation of $1.46. The company raised its full-year 2026 revenue guidance to $13 billion to $13.3 billion. Chief Executive Officer Michael Intrator characterized this quarterly report as a turning-point signal: "The market narrative has changed, and people are beginning to scrutinize the AI buildout process. And our results show that this company is operating in the right way and has earned customers' continued choice."