CoreWeave results lift S&P 500 and Nasdaq as AI spending fears ease
US stocks climbed as CoreWeave's latest results eased investor worries about how much is being spent on artificial intelligence infrastructure, lifting the S&P 500 and the Nasdaq.
The move puts the AI spending debate back at the centre of US equity markets. Investors have been weighing whether the heavy outlays behind data centres and computing power are justified by the returns they generate, and CoreWeave's numbers gave that case a firmer footing for now.
The wider market backdrop remains unsettled. Trading in Seoul was halted, and Indian equities had their best week since 2021, a shift framed around money leaving the AI trade and the question of whether it lands in India.
Credit markets are showing strain lower down the quality ladder, with junk bonds cracking at the bottom. That is a reminder that the appetite for risk that has supported the AI trade is not uniform across markets.
What it means for Pakistan: For Pakistani investors, the swing in US technology stocks feeds directly into the mood on global risk appetite, which shapes flows into emerging markets and the cost of capital Pakistan pays abroad. Any sustained retreat from the AI trade would tighten the conditions under which Pakistani firms raise foreign funding, while a steady US market keeps that door a little more open.
