Market Open: Stocks Higher, Nvidia Leads Dow, CoreWeave Posts Strong Earnings • 11/11/26

0:00C-NBC Business News Update Market Open. I'm Jessica Ettinger. Wall Street is higher at the open. CoreWeave out with strong earnings, giving the neoclouds a silver lining today as the NVIDIA investigation continues. But NVIDIA is leading the Dow higher out of the gate. Shares are up 2.5%. The Dow is up 35 points. The S &P 500 index up 71 points. That's almost 1%. The Nasdaq up 393 points. That's 1.5%. Chipmaker shares all in the green this morning. Micron and Intel each up 6%. Broadcom and Cerebra Systems each up 5 % this morning. Tremendous Wall Street buzz about Anthropics. Initial public offering, which may come as early as next week.

0:48Investors want to get a hold of those first shares from the AI pioneer and maker of Claude. Here's Mad Money host Jim Cramer on CNBC. We all see what's going on with Anthropic, and we say to ourselves, wait a second, did we oversell these stocks off the blue wave? Did we oversell them off of the prurient problems of Jensen Wang? Has the group come back to a level where it's the cheapest it's been in many, many years? And I think the answer is yes, and I think that that's why you're having a rally. Corweave shares popping more than 10 percent in early trading. It raised its guidance, had a revenue jump of almost 170 percent in the last quarter.

1:26It's helping the AI names today. Here's Corweave CEO Mike Entrader on the earnings call. Demand for compute is growing faster than the capacity to deliver that infrastructure. We are largely sold out through 2027. There is overwhelming demand for that. Even NVIDIA shares rebounding, as we mentioned this morning, up 3 percent, leading the Dow higher out of the open as CEO Jensen Wong tries to project business as usual in his return to the office yesterday after his affair revealed to staff. By an email over the weekend, NVIDIA announced it hired law firm Wachtell, Lipton, Rosen and Katz to investigate whether company secrets or national security were compromised.

2:12The affair was with a suspected female Chinese spy. NVIDIA shares bucking the downgrades. CNBC's Dominic Chu has those. Analysts at Bayer downgrading that stock to a neutral rating from a prior outperform, and they cut their target price down to$200 from a prior$500. The analysts there cite uncertainties around U.S. government action from the upcoming congressional hearings around NVIDIA and CEO Jensen Huang and uncertainties regarding Jensen Huang's tenure as CEO going into 2027. And by the way, Morgan Stanley also earlier this morning removed NVIDIA as one of its top picks, noting that the stock price has dropped over 25 percent since it was added to their top picks list.

2:52So they so-called stopped themselves out of that trade. Chicago Fed President Austin Goolsbee says the new inflation report is borderline disturbing as the central bank weighs more interest rate increases. The October inflation report came in hotter than expected. Some Fed officials are saying more aggressive increases might be needed to slow the economy and try to bring inflation down. Measles is surging in the U.S. Outbreaks cost the health care system millions of dollars. Researchers at Johns Hopkins University estimate that the 2025 measles outbreak with more than 2 ,000 confirmed cases carried an economic cost of more than$37 million.

3:32And cases have doubled this year with eight deaths. The White House vowing to press ahead with tariffs, even with a midterm backlash over rising prices. Credit card debt has climbed to a record in the U.S.,$1.29 trillion. As financial pressures mount, Americans are increasingly relying on credit cards. It's Veterans Day today. Thank you for your service. Jessica Ettinger, CNBC. Traders don't need a prettier app. They need a better angle. Schwab's thinkorswim trading platforms were built for real traders like you. They have an insane amount of chart studies. I'm talking over 300 studies for virtually any strategy.

4:13They also have integrated risk management technology and nearly unlimited customization so you can shape the platform to fit the way you trade. And when you do that, you can analyze trades from angles you won't find anywhere else. Go see what that looks like at schwab.com slash trading.