CoreWeave outlook; OpenAI’s revenue reportedly spikes - what’s moving markets

Investing.com - Futures linked to the main U.S. stock indices rise, as investor sentiment around artificial intelligence brightens following upbeat guidance from neocloud player CoreWeave, although bets on Federal Reserve interest rate hikes rattle global bond markets. Anthropic's bankers are reportedly eyeing an increase to the Claude maker's initial public offering valuation, while OpenAI's third-quarter revenue is said to have spiked.

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1. Futures rise

U.S. stock futures ticked higher on Wednesday. By 03:04 ET (08:04 GMT), the S&P 500 futures contract had climbed by 48 points, or 0.6%, Nasdaq 100 futures had gained 412 points, or 1.5%, and Dow futures had inched up by 102 points, or 0.2%.

The main averages on Wall Street retreated in the prior session, despite renewed enthusiasm around AI. Stocks in the sector gyrated sharply last week, with AI names rebounding after a steep selloff driven by fears of stricter political oversight of the technology after the U.S. midterm elections.