Stock Market Today, Nov. 11: CoreWeave Surges 25% on Beat-and-Raise Quarter

CoreWeave (CRWV) ripped 25% on November 11, 2026, after a beat-and-raise third quarter that put its financing concerns on the back burner. The company posted $3.66 billion in revenue, topping expectations, and lifted full-year 2026 guidance to $13.15 billion.

The funding story drove the move as much as the top line. CEO Michael Intrator pointed to multiple funding sources, including $9 billion in expected customer prepayments over the next three months. Interpretation: that prepayment figure directly targets the question that has weighed on CRWV, namely how it pays for data center buildouts, and the market rewarded the answer.

The rally was not isolated. The S&P 500 rose 1.31% and the Nasdaq gained 1.60% on the session, and AI infrastructure peers also rallied. Interpretation: with Nebius Group (NBIS) and APLD among the names in that peer group, CRWV's print appears to have functioned as a sector read-through rather than a single-stock event, though the move in CRWV itself dwarfed the broader index gains.

A 25% single-day gain also means the beat and the raised guide are now priced in aggressively. The gap between CRWV's move and the Nasdaq's 1.60% shows how much of the session was company-specific.