Coreweave shares surge after the AI cloud provider posts a beat on both the top and bottom line. Data centre infrastructure firm Super Micro is also up on positive forecasts. Investors await the latest U.S. inflation data with the headline number expected to be 3.4 per cent. There is no clear agreement about the Federal Reserve’s next move. Oil inches higher as attacks on shipping in both the Strait of Hormuz and the Bab el-Mandeb raise fears of escalation as well as increase concern over crude supply chains. A top Iranian security official doubles down on Tehran’s demands to re-open the Gulf.<br>See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Coreweave stock soars on solid earnings beat

Squawk Box Europe Express

The CNBC app, global market news in one place. Customizable sections and personalized alerts, stocks tracking, interactive charts and market insights all in your hands. Stay connected, stay informed. Download the CNBC app today. Welcome to Squawk Box Europe. I'm Karen Tso with Ben Boulos. These are your headlines. Shares in Coreweave pop after the AI cloud provider beats

on the top and bottom line. While Supermicro also gains as the data center infrastructure stock issues up big guidance. Futures in a holding pattern as investors await the latest US inflation print. The headline figure is expected to come in at 3.4% with no clear consensus on how the Fed moves next. Oil extends gains as attacks on shipping heightens supply concerns and raise

fears of escalation while a top Iranian security official doubles down on Tehran's demands to reopen the Strait of Hormuz. It was quite a day for markets yesterday, a reversal taking place across

the board on the back of what have been a lot of records in recent trading weeks. The Dow down to the tune of just over a third of a percent. Big moving stocks, the likes of Alphabet to the downside. We saw the S&P 500 also slide by a similar amount. A slight stepped up selling on the Nasdaq, six tenths there. And again, it was Alphabet leading the moves lower. What we had in terms of some of the sectors, FANG plus stocks, they were down. So some of the tech euphoria just coming into the mix

yesterday and fading. So you've just seen the flip side of that trade. And banking stocks, though, you did see a little bit of appetite there. That was up about 8.10.

Coreweave stock soars on solid earnings beat

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Coreweave stock soars on solid earnings beat

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.