Nasdaq futures jump nearly 2% as CoreWeave results ease AI spending fears

Nasdaq futures climbed nearly 2% after CoreWeave's earnings calmed investors who had spent weeks questioning whether the spending behind artificial intelligence is sustainable.

The results gave the AI trade a firmer footing, and futures pointed to a higher open for US technology stocks. The source material does not specify the figures CoreWeave reported.

Attention is shifting to where the money leaving the AI trade will go. Trading in Seoul was halted, while India's Nifty posted its best week since 2021, a contrast that frames the debate over whether capital is rotating out of AI names or simply pausing.

Elsewhere, the source flagged stress at the bottom of the junk bond market, a reminder that the same investors reassessing AI valuations are also weighing credit risk.

The source supplied no confirmed next step beyond the futures move.