September Nasdaq 100 E-Mini futures (NQU26) are up +0.71% this morning as stellar earnings from CoreWeave and Super Micro Computer boosted sentiment.
CoreWeave (CRWV) popped over +17% in pre-market trading after the cloud-computing company reported stronger-than-expected Q2 results, raised its full-year revenue guidance, and said its backlog stood at $104 billion at the end of the quarter. Also, Super Micro Computer (SMCI) climbed more than +8% in pre-market trading after the server maker posted stronger-than-expected FQ4 adjusted EPS and gave an FQ1 revenue forecast that crushed Wall Street’s estimates. The results provided further evidence that demand for AI infrastructure remains strong, reigniting enthusiasm for the AI trade.