Wall Street closes high thanks to enthusiasm with technological accounts

A new York stock market closed today, based on the recovery of technological values, stimulated by quarterly accounts released on the eve by the distance computer company CoreWeave.

The result of the session shows that the selection index Dow Jones Industrial Average gained 0.49%, the extended S&P500 advanced 1.31% and the technological Nasdaq increased 1.60%.

“Today’s rise in the market is largely explained by the sound financial performance published by CoreWeave” on Tuesday, Peter Cardillo of Spartan Capital Securities summed up in statements to AFP.

The company, which has data centers for artificial intelligence (IA) and rents its computer capabilities to digital conglomerates, such as Meta or Microsoft, exceeded expectations in the third quarter and reviewed the annual forecasts on high.

As a result, he has today obtained a scholarship of 24.71%.

But in recent months, it has been strongly sanctioned by investors – the action has devalued 50% in the last six months –, restless with high levels of indebtedness.

For some analysts, it has even become one of the symbols of these concerns with the very high levels of indebtedness in the AI sector.

Today, however, Coreweave’s results “settled the concerns” of “a sector that has experienced strong volatility in recent weeks”, interpreted Briefing analysts. Com.

Taking advantage of this change of disposition were, for example, AMD (+7.32%), Micron (+11.89%), Broadcom (+3.99%) and Intel (+7.46%).

“Even Nvidia has been on the rise today,” said 2.87%, and Cardillo, after two weeks of strong casualties, linked to the scandal centered on his leader Jensen Huang, who admitted to having a relationship with a woman whose U.S. intelligence services suspect she was a Chinese agent, who has already denied it.

“ Coreweave’s important capital needs and the ever-increasing cost of debt continue to increase the gap between operational progress and profitability,” said Briefing analysts. Com.

The next relevant test for AI companies is scheduled for Tuesday, when Nvidia discloses its quarterly results, Peter Cardillo anticipated.

Also next week, Anthropic's first scholarships are expected, which created IA Claude's assistant.

And precisely Anthropic was the cause pointed out by the fall today verified by Microsoft (-2.26%. Briefing analysts. they explain it with the release of a version of software by Anthropic, which are potential competitors of others of Microsoft, cases of Word, Excel and Powerpoint, among others.