---
title: "CoreWeave jumps 25% and pulls AI data-center funds higher"
url: "https://etf.net/news/coreweave-jumps-25-lifts-ai-funds-2026-11-11"
published_at: "2026-11-11T22:10:14.141Z"
updated_at: "2026-11-11T22:10:14.141Z"
byline: "ETF.net Research"
---

# CoreWeave jumps 25% and pulls AI data-center funds higher

A higher revenue forecast and a faster build-out lifted funds that rent out AI computing, along with optics and memory, while gold miners fell with the metal.

By ETF.net Research. Published Nov 11, 2026.

CoreWeave rose **24.7%** Wednesday, Nov. 11, to $60.77, after it raised its revenue forecast and said it would deliver new capacity sooner than planned. The company reported after Tuesday's close.

The biggest fund gain was in CoreWeave's business. Roundhill Investments' Roundhill Neocloud ETF, NCLD, rose **14.4%**, well ahead of the 2.3% gain in the Nasdaq-100 fund, Invesco QQQ Trust, Series 1, QQQ.

A neocloud, like CoreWeave, rents out clusters of AI chips. The fund holds CoreWeave and Nebius Group, which rose 15.4%. [CNBC said](https://www.cnbc.com/2026/11/10/coreweave-crwv-q3-earnings-report-2026.html) Nebius reports Thursday.

Third-quarter revenue was $3.66 billion, up 168% from a year earlier, the company said in its [Nov. 10 release](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000461/coreweave3q26earningspress.htm). It raised its 2026 revenue forecast to $13.0 billion to $13.3 billion. [CNBC reported](https://www.cnbc.com/2026/11/10/coreweave-crwv-q3-earnings-report-2026.html) that the August range was $12.4 billion to $13.2 billion.

In the release, the company lifted the low end of capital spending to $37 billion, from $35 billion, with the top still at $39 billion, because it expects to deliver that capacity sooner than planned.

"This was a breakout quarter for CoreWeave, with revenue increasing by more than $1 billion sequentially and adjusted operating margins reaching double digits a quarter ahead of plan," Co-founder, Chairman and Chief Executive Michael Intrator said.

The quarter was still a loss. Net loss widened to $709 million, from $110 million a year earlier. Long-term debt was $36.3 billion as of Sept. 30, and $32.4 billion of it is debt the company itself is liable for.

Intrator said growth is supported by financing backed by customer contracts, operating cash flow, and approximately $9 billion in customer prepayments and deposits expected in the next three months. Chief Financial Officer Nitin Agrawal said the company does not intend, at current yields, to issue additional parent-level unsecured debt through 2027, [CNBC reported](https://www.cnbc.com/2026/11/10/coreweave-crwv-q3-earnings-report-2026.html).

Fiber-optic shares jumped. Applied Optoelectronics rose 15.6%, Lumentum rose 10.7%, and Coherent rose 9.2%. Roundhill Investments' Roundhill Photonics & Optics ETF, LYTE, rose 11.9%, and 24/7 Wall St. tied the jump in those stocks to CoreWeave's results.

Memory and storage rose too. Micron Technology rose 11.9%, Seagate Technology rose 10%, and Western Digital rose 8.3%. Roundhill Investments' Roundhill Memory ETF, DRAM, rose 10.4%, and Benzinga said memory stocks rebounded on the results.

Semiconductor funds rose less than the optics and memory funds. Invesco Semiconductors ETF, PSI, which does not hold Nvidia, rose 7.1%, while VanEck Semiconductor ETF, SMH, where Nvidia is 18.9% of the fund, rose 4.8%. Nvidia itself rose 2.9%, and Advanced Micro Devices rose 7.3%.

The steepest drop was in a hedge. The Cboe Volatility Index, a gauge of expected stock-market swings, fell 10.1%, to 17.49, in a 4:15 p.m. ET reading, as stocks rose. ProShares VIX Short-Term Futures ETF, VIXY, holds short-term futures on that index, and it fell **6.8%** with the gauge.

Gold did not follow the stock rally. Gold futures fell 0.9% from the prior settle, to $3,993, as of 4:42 p.m. ET. SPDR Gold Shares, GLD, fell 1.1%, and Sprott Gold Miners ETF, SGDM, fell 2.1%.

Chart: Neocloud, optics and memory funds **led** Wednesday

Reuters said the metal extended Tuesday's drop as hotter-than-anticipated U.S. inflation and a higher dollar weighed.

Wednesday's close did not undo the recent slide. CoreWeave finished at $60.77, still 26% below its Oct. 9 close of $82.08, after closing at $43.66 on Nov. 5.

Source: etf.net, https://etf.net/news/coreweave-jumps-25-lifts-ai-funds-2026-11-11. Please cite the page URL.