# Nasdaq Gains 400 Points After CoreWeave Earnings

> CoreWeave's AI earnings boost Nasdaq by 400 points as Wall Street rallies.
- Title: Nasdaq Gains 400 Points After CoreWeave Earnings · Kiplinger
- Summary: CoreWeave's AI earnings boost Nasdaq by 400 points as Wall Street rallies. CoreWeave's stronger-than-expected earnings and debt strategy lifted Nasdaq by 400…
- Keywords: nasdaq, coreweave, ai trade, earnings report, tech stocks, nvda, costco, special dividend, Kiplinger
- Source: Kiplinger — https://kiplinger.com/investing/stocks/nasdaq-adds-400-points-after-coreweave-earnings-stock-market-today
- Published: 2026-11-11T21:06:06+00:00
- Read time: 1 min
- Topics: nasdaq, coreweave, ai trade, earnings report, tech stocks, nvda, costco, special dividend
## Wednesday's Market Rally
Tech stocks surged as Wall Street cheered CoreWeave's earnings report, with Nvidia joining the gain despite a rare downgrade.
## Nasdaq Composite Up 1.6%
The tech-heavy Nasdaq Composite rose 1.6% to 25,466, while the S&P 500 added 1.3% to 7,619 and the Dow Jones Industrial Average gained 0.5%.
## CoreWeave Earnings Report
CoreWeave reported a narrower-than-expected per-share loss of $1.27 on better-than-anticipated revenue of $3.66 billion.
## CEO's Debt Strategy
CEO Michael Intrator stated CRWV would not use unsecured debt to fund its business, relying instead on lower-rate delayed-draw term loans and cash flow.
## CoreWeave Stock Recovery
CoreWeave shares jumped 24.7% after being down nearly 32% year to date on financial concerns.
## Analyst Confidence
Paul Meeks, head of technology research at Freedom Capital Markets, noted CoreWeave's positive operating leverage easing creditor fears and set a $151 price target.
## Nvidia's Market Reaction
Nvidia rose 2.9% despite a rare downgrade from Baird to Neutral (Hold) from Outperform (Buy) and Morgan Stanley removing it from 'Top Pick'.
## Costco Special Dividend
Costco announced a $30 per share special dividend and $4 billion stock buyback program, boosting its stock by 2.0%.
## Key takeaway

CoreWeave's stronger-than-expected earnings and debt strategy lifted Nasdaq by 400 points, reversing Tuesday's losses.