Nvidia Leads Semiconductor Rebound as CoreWeave Raises 2026 Revenue Guidance

Nvidia and semiconductor peers rallied in premarket trading Wednesday following an upgraded revenue forecast from AI cloud infrastructure provider CoreWeave. Nvidia climbed 4.9% to $177.08, while peers Micron, AMD, and Intel gained between 6.2% and 6.5%. CoreWeave raised its full-year 2026 revenue guidance to between $13 billion and $13.3 billion, beating analyst estimates of $12.9 billion, and reported third-quarter revenue of $3.66 billion, up 168% year-over-year. The bullish update and a backlog expansion to $132.5 billion eased concerns over AI spending, overcoming pressure from hotter-than-expected October US inflation data.