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Every single stock in the $SOX closed green today as $Coreweave(CRWV.US) dragged the AI trade off the mat$SOX jumped 5.7…

Every single stock in the $SOX closed green today as $Coreweave(CRWV.US) dragged the AI trade off the mat

$SOX jumped 5.7% to its highest close since Nov 3

$Coreweave(CRWV.US) ripped 24.7% for its biggest day in more than three months after saying it expects adjusted profitability in the first half of 2028

$Nebius(NBIS.US) +15.4%, $Sandisk(SNDK.US) +13.7%, $Bloom Energy(BE.US) +13.0%, $Arm(ARM.US) +12.1%, $Micron Tech(MU.US) +11.9%, $Lumentum(LITE.US) +10.7%

$NVIDIA(NVDA.US) bounced 2.9% to $173.73 on more than double its normal volume after losing about $430 billion in market cap over the prior two sessions

Nasdaq 100 +2.3%, Nasdaq +1.6%, S&P 500 +1.3% to 7,619, Dow +0.5%

The S&P 500 is now within 2.6% of its record from last month

Oil firmed with Brent settling at $92.76 and WTI at $86.53, while the bond market was closed for Veterans Day

One week ago the AI trade looked broken. Today one neocloud print erased most of the damage, which tells you how badly positioned everyone was going into it. $NVIDIA(NVDA.US) earnings on Nov 17 are the real test now

Source: StockMarket.News

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