CoreWeave’s (CRWV) third-quarter results eased concerns about the battered AI trade. Its shares rose 10% in Wednesday premarket trading, while bitcoin BTC$73,897.17 and gold were little changed.

The cloud computing provider for the AI industry said Tuesday that revenue increased 168% year over year and raised its full-year revenue forecast to $13 billion-$13.3 billion. Its net loss widened to $709 million, or $1.27 per share, amid higher interest costs.

Gains spread to AI infrastructure stocks: IREN IREN rose 6%, Galaxy Digital GLXY gained 5%, and Cipher Digital CIFR advanced 7%. Nasdaq 100 futures climbed more than 1.5%.

Over 24 hours, bitcoin and gold were little changed, trading around $74,000 and $4,000 an ounce, respectively.

The Dollar Index stayed above 102 after Tuesday’s hotter-than-expected U.S. inflation report reinforced expectations of higher interest rates in the world’s largest economy. Traders assigned roughly an 86% probability to a quarter-point increase by the Federal Open Market Committee on Dec. 9, and a 14% chance to a half-point move.

Meanwhile, Anthropic’s bankers are weighing an IPO valuation of $1.5 trillion or higher, above Tuesday’s target of roughly $1.4 trillion, the Financial Times reported, citing people familiar with the matter. Strategic partners, including Google, Nvidia and Microsoft, are also set to invest $26 billion in a separate private placement at the IPO price.

Artificial IntelligenceEarningsMarkets Related Assets Bitcoin$73,897.170.33% Related Stocks Market Closed IREN Limited Ordinary Shares$19.73— Galaxy Digital Inc. Class A Common Stock$14.11— Cipher Digital Inc. Common Stock$6.5300—

Source: www.coindesk.com. Adapted by NBTC.