CoreWeave lifts tech and markets
CoreWeave delivered a blow-out quarter and raised guidance, sending its shares rocketing 24.71% and carrying markets with it. The Nasdaq jumped 1.57%, the S&P 1.31%, the Dow 0.51% and the TSX 0.67% or 250 points. Shaking off post-Midterm worries and the Nvidia scandal, energy names on both sides of the border rallied hard: Sandisk 13.69%, Super Micro Computer 9.5%, Celestica 8.38%, Kinaxis 6.37% and BlackBerry 3.4%. Nvidia itself snapped a sharp losing streak by regaining 2.87%.
Tech as well as energy led sectors in Toronto while materials were among the three lagging segments. Other big movers on Bay Street were Lithium Americas, sliding 12.27% and Boyd Group, falling 12.22%. WTI reversed losses by adding 0.4% to US$86.40 while silver gained about 0.4%to US$51.60 and gold declined US$47 to US$3,985. The U.S. 10-year yield inched up to 5.0% over growing inflation concerns. Meanwhile, Bitcoin rose over 1% to US$74,640.
💾 CoreWeave (CRWV) +24.71%
💾 Sandisk Corp (SNDK) +13.69%
💾 Super Micro Computer (SMCI) +9.5%
🧬 Celestica Inc (CLS.TO) +8.38%
💾 Kinaxis Inc (KXS.TO) +6.37%
📱 BlackBerry (BB.TO) +3.4%
💾 NVIDIA Corporation (NVDA) +2.87%
⛓ Lithium Americas Corp (LAC.TO) -12.27%
👨🔧 Boyd Group Services Inc. (BYD.TO) -12.22%
🅱 Bitcoin (BTCUSD) (BTC-USD) +1%
