Strong results from CoreWeave and Super Micro Computer boost sentiment, offsetting earlier losses in the Magnificent 7 stocks.
US equities closed mixed as weakness in the Magnificent 7 dragged the S&P 500 down 0.32%, though the equal-weighted index hit a record high. The Magnificent 7 fell 0.90%, weighing on broader market performance amid subdued trading across regions.
After-hours earnings from AI cloud computing firm CoreWeave and Super Micro Computer reversed sentiment. CoreWeave surged 15% on stronger sales guidance and a smaller-than-expected net loss, while Super Micro Computer rose over 7% after exceeding Q3 sales estimates.
The positive reaction lifted S&P 500 futures by 0.10% and NASDAQ 100 futures by 0.21%, with optimism extending to Asian markets.