Data Center Primer (From a Markets Point of View)
What’s in Today’s Report:
- Data Center Primer (From a Markets Point of View)
Futures are moderately higher following a trio of positive tech headlines overnight.
CoreWeave (CRWV) is rallying 15% pre-market on strong earnings and (more importantly) positive comments on credit availability and customer demand.
Elsewhere in tech, reports surfaced that Anthropic may increase its IPO size due to robust demand, while OpenAI CEO Altman said revenue rose 50% to $10 billion.
Today is Veterans Day so banks and the bond market are closed and there are no notable economic reports or Fed speak, so we should expect a quiet trading day unless we get a surprise geopolitical headline (meaning Iran, Russia or, for now, Nvidia).