Wall Street futures rose on Wednesday, with Nasdaq 100 futures rallying up to 1.5 percent, as strong quarterly results from AI infrastructure company CoreWeave lifted investor sentiment.
Nasdaq 100 futures were up 1.5 percent, recovering the underlying index's losses in regular US trading on Tuesday. S&P 500 futures gained 0.6 percent, while Dow Jones futures rose 0.23 percent.
CoreWeave shares climbed as much as 9 percent in pre-market trading on Nasdaq after the company reported a sharp increase in third-quarter revenue and said it expected to become profitable in the first half of 2028.
The company's results helped ease concerns over stretched valuations in the AI sector, providing support to technology stocks.
"CoreWeave's results came out post-market... people were holding their breath hoping for a good result. I think they were relatively well rewarded," Jamie Hannah, deputy head of investments at VanEck told Reuters.