Global marketsUpdated Yesterday

CoreWeave’s results help fuel a wider tech rally

CoreWeave raised its 2026 revenue outlook to $13 billion to $13.3 billion, above its previous range’s $13.2 billion ceiling and Wall Street’s $12.9 billion estimate, Bloomberg reported. Semafor said US tech stocks surged Wednesday after the stronger-than-expected results, as the AI trade recovered from the previous week’s selloff. Forbes Middle East also reported gains among AI infrastructure stocks. The broader rally came with a financing question still hanging over CoreWeave: Semafor said the company wasn’t generating enough cash from its business to cover roughly $41 billion in net debt.

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