THE CLOSING EDGE · WEDNESDAY, NOVEMBER 11, 2026
The Closing Edge: November 11, 2026 — Chip stocks lead the rebound
CoreWeave jumped 24.7% and the Nasdaq rose 1.6%. Thursday’s Treasury auction and technology earnings will test different parts of the rebound.
Chip stocks helped lift U.S. equities Wednesday after investors had their first regular session to trade on CoreWeave’s latest results. The Nasdaq Composite gained 1.6%, more than triple the Dow’s 0.49% rise. The cash Treasury market was on its Veterans Day break, leaving the cost of long-term borrowing for Thursday’s session.
Market snapshot
| U.S. index | Close and day move |
|---|---|
| S&P 500 | 7,619.38 · +1.31% |
| Dow industrials | 52,486.49 · +0.49% |
| Nasdaq Composite | 25,466.19 · +1.60% |
Regular-session closes at 4 p.m. Eastern. Changes are versus Tuesday’s close.
The Lead · CoreWeave’s rebound reaches chip suppliers
CoreWeave (Nasdaq: CRWV) jumped 24.7% after Tuesday’s earnings, while Micron Technology rose 11.9% and Broadcom gained 4%. The moves put three different pieces of the same investment cycle in focus. CoreWeave rents computing capacity. Micron sells memory. Broadcom supplies chips used in networking and custom accelerators. Associated Press closing report · Reuters closing report
CoreWeave now projects $13.0 billion to $13.3 billion in 2026 revenue and lifted the bottom of its capital spending range by $2 billion to $37 billion. Higher spending can mean more orders for equipment suppliers. For the cloud operator paying those bills, the question is how much cash it can collect and when. Tuesday’s results showed how customer payments helped operating cash flow. Wednesday’s share moves show how widely the earnings reaction traveled. CoreWeave’s earnings release · TrendyVest’s cash-flow analysis
The Undercard · Riskified sells more at a lower gross margin
Riskified (NYSE: RSKD) reported $115.2 million in third-quarter revenue, up 41% from a year earlier. Its GAAP gross margin fell from 50% to 43%, even as its GAAP net loss narrowed to $1.3 million from $7.8 million. The fraud software provider raised its full-year revenue outlook to $427 million to $433 million. Higher sales are already showing up in gross profit dollars. With seven cents less gross profit per dollar of revenue at the reported margin, the next question is how much additional sales growth can reach the bottom line. Riskified’s quarterly results
Market Trends · The rate comparison starts Tuesday
The Treasury’s latest daily 10-year reading was Tuesday’s 4.98%. Wednesday has no entry in the Treasury’s daily table, and SIFMA recommended a full Veterans Day closure for U.S. dollar fixed-income markets. Thursday gives equity investors a fresh reading on borrowing costs to put alongside Wednesday’s stock gains. Treasury daily yields · SIFMA holiday recommendation
Next session · Thursday, November 12
- Before the open. Nebius reports quarterly results. Its webcast starts at 8 a.m. Eastern. The results offer another look at how quickly AI cloud capacity is turning into sales. Nebius schedule
- 1 p.m. Eastern. The Treasury auctions $25 billion of 30-year bonds. The sale offers a fresh reading on demand for long-dated government debt. Treasury refunding schedule
- After the close. Cisco and Applied Materials have calls at 4:30 p.m. Eastern. Their updates will help show how much customer spending is reaching network equipment and chipmaking tools. Cisco schedule · Applied Materials schedule
Thursday’s U.S. cash equity session is scheduled for 9:30 a.m. to 4 p.m. Eastern. NYSE calendar · Nasdaq calendar
Sources and timing
Equity moves reflect the November 11 regular session. Company figures are in U.S. dollars. Company outlooks are estimates from their issuers. Associated Press index closes · Reuters cross-check