CoreWeave's strong earnings lift neocloud stocks as Nvidia faces scrutiny

CoreWeave shares surged over 16% in premarket trading after the neocloud company reported a 168% spike in third-quarter revenue and raised its 2026 guidance, lifting other neocloud stocks. The gains provided a boost to futures markets amid ongoing concerns about the AI trade. Despite the rally, CoreWeave shares remain down 65% from May highs and lost over 40% of value in the last month. Analysts offered mixed views, with Zack's John Blank citing potential value in beaten-down shares, while Freedom Capital Markets' Paul Meeks pointed to improving margins as a turning point. Nvidia shares also rose over 3% premarket, supporting gains for Broadcom, AMD, Intel, and Nebius. This comes as Nvidia's board investigates CEO Jensen Huang over potential company secrets compromise, with Senator Schumer accusing President Trump of defending Huang at the expense of national security.