Jess Menton

CoreWeave Rallies as AI Demand Drives Stronger Revenue Outlook | Closing Bell

Vonnie Quinn, Jess Menton, Carol Massar, Tim Stenovec

A sudden spike in Treasury yields triggered a broad market sell-off as hotter-than-expected CPI data increased the probability of a Federal Reserve rate hike in mid-December. Amidst the macroeconomic turbulence, specific corporate results drove significant divergence, with ZipRecruiter and CoreWeave surging on earnings beats while NVIDIA shares tumbled due to an internal investigation into CEO Jensen Huang's alleged ties to a suspected Chinese spy. The day's volatility was further defined by Charter Communications' $1.5 billion debt buyback and SoftBank's $3.7 billion write-down, which collectively reshaped sentiment across the technology and financial sectors.