Strong CoreWeave earnings and the positive impact of Anthropic's IPO boosted AI infrastructure stocks.

On November 11, AI infrastructure concept stocks collectively rose. AXT Inc. rose over 13%, NEBIUS and CoreWeave rose over 12%, Lumentum rose over 9%, SanDisk rose nearly 9%, SK Hynix, Coherent, and Applied Optoelectronics rose over 7%, Micron Technology and Marvell Technology rose over 6%, Oracle, Broadcom, Corning, and Western Digital rose over 5%, and Nvidia and AMD rose over 3%. CoreWeave's third-quarter revenue increased by approximately 168% year-over-year to $3.661 billion, exceeding analysts' expectations of $3.56 billion. CoreWeave secured approximately $9 billion in customer prepayments and margin deposits and raised its full-year revenue guidance to $13 billion to $13.3 billion, while its adjusted operating profit guidance was raised to $1.275 billion to $1.375 billion. Anthropic's IPO roadshow received strong subscription intentions, and the underwriting team is considering raising the offering price to over $78 per share, with a target valuation of $1.5 trillion and total funds raised expected to exceed $100 billion.