CoreWeave jumps 14% on earnings as AI stocks rebound and bitcoin edges higher
AI summary
CoreWeave shares jumped 14% as earnings fueled a rebound across battered AI stocks, with the DRAM ETF up 8% and semiconductor stocks gaining more than 4%. Bitcoin edged higher after testing its 200-day moving average. A broad recovery in AI and semiconductor equities supports risk appetite, which traders watch as a tailwind for crypto, while bitcoin holding its 200-day average is a key technical signal.
