AI Stocks Close
🔔 AI Stocks Close — Wednesday, November 11, 2026 at 2:15 PM
Closes: SPX 7,619.38 (+1.31%) · NDX 28,509 (+2.8%) · DJI 52,486.49 (+0.49%)
Day narrative: CoreWeave's blowout quarter dragged the AI trade off the mat — semis and AI infrastructure ripped while megacap software sat it out. A hot-CPI hangover and a 10-year yield pinned near 5% couldn't stop it, and the Nasdaq Composite erased its entire post-election drawdown.
Sectors: Best Technology (+2%+, semis leading) · Worst Real Estate (+0.06%) — all 11 finished green, but the spread was enormous
Movers:
• CRWV +24% — raised FY revenue to $13.0–13.3B, flagged ~$9B in customer prepayments over the next three months
• ARM +12.1% — AI/data-center royalties doubling, carried along on the compute bid
• MU +11.9% — memory is the purest expression of the AI capex trade right now; SK Hynix and SanDisk gained 8%+ alongside
• SMCI +9.5% — began shipping next-gen AMD EPYC-powered AI systems
• ORCL +8.8% — Bernstein called it "totally misunderstood" and a go-to AI play, sparking a violent bounce off a brutal November
• BE +16% — AI power demand optimism
• MSFT -2.3%, META -2.0%, AMZN -1.7% — the megacap laggards; money rotated out of AI software and into AI silicon
After-hours / Earnings:
• Quiet tape for tech — tonight's reports were Corteva, Franco-Nevada and Tetra Tech, none of them watchlist names
• Watchlist AH moves all inside ±0.7%; MU ticked to $814.22 (+0.36%), SMCI $30.64 (+0.69%), NET slipped 0.37%
Watchlist:
• MU $811.30 (+11.89% day, +0.36% AH)
• NVDA $173.73 (+2.87% day, +0.32% AH)
• MSFT $521.13 (-2.26% day, -0.26% AH)
• GOOGL $293.45 (+2.11% day)
• META $628.77 (-1.97% day, +0.20% AH)
• AMZN $266.17 (-1.74% day)
• AAPL $355.63 (+2.04% day) — new record close
• AMD $552.90 (+7.32% day)
• TSLA $390.82 (+2.91% day)
• PLTR $172.46 (+2.16% day)
• ARM $203.36 (+12.05% day, +0.32% AH)
• SMCI $30.43 (+9.50% day, +0.69% AH)
• ORCL $128.40 (+8.83% day)
• SOUN $3.91 (+1.03% day)
• IONQ $34.06 (-2.66% day)
• BBAI $2.30 (-0.86% day)
• AVGO $345.22 (+3.99% day)
• CRM $218.01 (+2.12% day)
• ADBE $237.60 (+0.38% day)
• IBM $248.22 (+1.51% day)
• SNOW $301.22 (+1.85% day)
• MDB $338.12 (+1.85% day)
• NET $315.11 (+3.04% day, -0.37% AH)
• CRWD $229.06 (+1.46% day)
• TSM $413.35 (+4.25% day)
• ASML $1,534.42 (+1.76% day)
Macro:
• Bond market was closed for Veterans Day; cash Treasuries reopen tomorrow with the 10-year parked around 4.99% after Tuesday's 11bp rip
• October CPI ran hot — headline +0.4% m/m vs +0.2% expected, core +0.3% vs +0.2% — and a December Fed hike is now near-fully priced, with 10–15% odds on 50bp
• Crude firmed, gold eased
• IPO watch: Anthropic set terms — 825M shares at $70–78, ticker ANT on Nasdaq, pricing Nov 18 and trading Nov 19 at a $1.3–1.4T valuation, with bankers reportedly eyeing $1.5T+. OpenAI's quarterly revenue crossed $10B and it's chasing a round at $1.25T. TSMC said it'll put up to $1B combined into both. Neither trades yet
• Nvidia carries a leadership overhang into next week's print — Congress is moving toward subpoenaing Jensen Huang, and Baird downgraded the stock today. It still closed up 2.9%
Tomorrow: Disney before the bell; Cisco, Applied Materials and Nebius after the close — AMAT is guided to roughly +51% revenue growth, making it the cleanest read on semi-equipment demand. October existing home sales on the data calendar. Nvidia reports Nov 17.