AI stocks rebound, and Wall Street nearly returns to where it was before last week's sell-off
Summary
Asian shares were mostly higher on Wednesday 11 November on AI chip demand, following a retreat on Wall Street as U.S. inflation rose higher than expected in October, The Philadelphia Inquirer reported, and US equity futures extended gains as positive results from neocloud provider CoreWeave helped offset bets on higher interest rates, according to Bloomberg. A rebound for stocks in the AI industry then lifted the U.S. market, the Inquirer and the LA Times reported, both headlining that Wall Street nearly returns to where it was before last week's sell-off.
Latest: A rebound for AI stocks lifted the U.S. market, the LA Times and The Philadelphia Inquirer reported, headlining that Wall Street nearly returns to where it was before last week's sell-off, after Asian shares mostly rose on AI chip demand despite Wall Street's retreat on inflation data, according to the Inquirer, and US equity futures extended gains as positive results from CoreWeave helped offset bets on higher interest rates, Bloomberg reported.
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How it unfolded
Wednesday 11 November
A rebound for AI stocks lifted the U.S. market, the LA Times and The Philadelphia Inquirer reported, headlining that Wall Street nearly returns to where it was before last week's sell-off, after Asian shares mostly rose on AI chip demand despite Wall Street's retreat on inflation data, according to the Inquirer, and US equity futures extended gains as positive results from CoreWeave helped offset bets on higher interest rates, Bloomberg reported.
- 16:42The Philadelphia Inquirer AI stocks rebound, and Wall Street nearly returns to where it was before last week's sell-off
- 16:39LA Times AI stocks rebound, and Wall Street nearly returns to where it was before last week's sell-off
- 09:32The Philadelphia Inquirer Rebounding AI stocks lift Wall Street
- 06:28Bloomberg US Stock Index Futures Rise as CoreWeave Helps Tech Rebound
- 04:25The Philadelphia Inquirer Global markets broadly rise on AI chip demand despite Wall Street's retreat on inflation data
Tuesday 10 November
- 23:46The Philadelphia Inquirer Asian shares mostly rise on AI chip demand despite Wall Street's retreat on inflation data