CoreWeave Raises 2026 Revenue Forecast to $13.3 Billion

Key Takeaways

• CoreWeave’s third-quarter revenue rose 168% to about $3.6 billion, with a roughly $133 billion backlog; it raised its 2026 revenue forecast to $13 billion–$13.3 billion.
• CoreWeave’s planned $37 billion–$39 billion spending helped lift memory and storage stocks, even as the company reported $46.9 billion in debt and $846 million in quarterly interest costs.
• Aehr Test Systems’ first-quarter fiscal 2027 revenue tripled; shares jumped 26.5% and the company raised revenue guidance to $150 million.
• A proposed $12 billion AI data center in Akita, Japan, has drawn Japanese and UAE investor interest, with a UAE wealth fund expected to join.
• iCapital’s Sonali Basak discussed AI investment possibilities beyond OpenAI and Anthropic, stressing diversification and selective stock picking amid higher rates.
• Apple is considering a Siri agent that can track goals, plan and carry out tasks, potentially by 2027; CEO John Ternus says the company needs to move faster on AI.
• Orange’s new apps bring together Claude, Gemini, Mistral and GPT; its paid €10 monthly tier adds advanced models and other features for Orange and Sosh customers.
• Webull Canada plans connections to ChatGPT, Claude, Perplexity and Grok, but customers must confirm every trade through Webull.
• A Microsoft patent proposes using opt-in spare GPUs for AI training, but Microsoft has announced no service or launch date and the filing does not require owner payments.
• The OCC’s AI examination guide outlines areas for bank scrutiny without adding requirements; Resend has removed upfront email approval and says it will manage phishing risk through monitoring and sending controls.

CoreWeave Results Lift Micron and Other Memory Stocks

Micron shares rose about 6% in premarket trading after CoreWeave reported strong third-quarter results. The Nvidia-backed cloud provider earned $3.66 billion in revenue, up 168% from a year earlier, and reported a $132.5 billion backlog of contracted revenue. CoreWeave raised its full-year revenue forecast to $13 billion to $13.3 billion and expects to spend $37 billion to $39 billion, supporting demand for memory and storage used in AI data centers. But its debt reached about $46.9 billion, and quarterly interest costs rose to $846 million.

CoreWeave Results Spark a Rally in AI Chip and Storage Stocks

Memory and storage stocks rose on Wednesday after CoreWeave reported strong results, lifting the PHLX Semiconductor Index 3.8% by 9:51 a.m. ET. SanDisk gained 11%, Micron and Seagate rose nearly 8%, and Western Digital climbed 5.3%. CoreWeave reported $3.6 billion in third-quarter revenue, up 168%, and raised its 2026 forecast to $13 billion to $13.3 billion; its future revenue backlog stood at about $133 billion. CoreWeave shares rose nearly 15%, while Nvidia gained about 2% as it faced an investigation involving CEO Jensen Huang and a downgrade from Baird. Nvidia is due to report quarterly earnings on November 17.

Aehr Test Systems Sales Triple as AI Demand Drives Growth

Aehr Test Systems shares jumped 26.5% after the company reported that revenue tripled in the first quarter of fiscal 2027. The company raised its revenue guidance to $150 million as demand grew for its AI-based semiconductor test systems. Its shares gained 50% over the past month. The article notes that customer concentration and the company’s valuation remain risks for investors.

Resend Removes Email Approval Step and Takes on Spam Risks

Resend removed its upfront approval form for sending email, and CEO Zeno Rocha said the company now handles the phishing risk on its own infrastructure. Rocha described a group that used 20,000 recently registered domains to send a burst of messages, a pattern that can trigger Gmail throttling. Resend manages sending queues, tracks recipient engagement, spreads traffic across IP pools, and blocks sending when it detects bounces or complaints. It also checks links and sending patterns, creates plain text versions of messages, and advises users to warm domains gradually and keep sending and link domains aligned. Incorrect DNS settings remain a common source of user support requests.

iCapital Sees AI Opportunities Beyond OpenAI and Anthropic

iCapital’s Sonali Basak discussed where the firm sees potential AI investment winners beyond OpenAI and Anthropic’s IPOs. She also weighed investment opportunities in China against those elsewhere in Asia, including Vietnam. Basak said higher interest rates could widen the gap between winning and losing investments. She made the case for diversification and selective stock picking.

Akita AI data center could help build tech hub and raise tax revenue

An AI data center project in Akita, northeastern Japan, is drawing interest from investors in Japan and the United Arab Emirates. The project is part of a $12 billion megaproject, and a UAE wealth fund is expected to join. Supporters hope the region’s wind power and water resources will help create a technology hub and increase tax revenue.

Apple holds steady as rivals increase AI spending

Apple’s stock has held firm during a recent decline in technology stocks, partly because the company has not sharply increased its AI spending. In November 2026, newly appointed CEO John Ternus told software chief Craig Federighi that Apple had fallen behind in AI and needed to move faster. The company wants to turn Siri into an AI agent that can track goals, plan ahead and carry out tasks, possibly by 2027. Apple’s recent business growth has also supported its stock, though its high valuation could pose a risk to future returns.

Webull Canada lets investors link accounts to AI assistants

Webull Canada is introducing a feature that lets eligible customers connect brokerage accounts to ChatGPT, Claude, Perplexity and Grok. Using the model context protocol, AI assistants can retrieve account and market information and help place or change orders. Customers must review and confirm each trade through Webull before it goes through, and the company is setting limits on orders and certain securities. Webull expects availability across eligible Canadian accounts by the second week of November and is exploring event contracts for Canada in 2027.

Microsoft patent explores using gamers’ spare GPUs for AI training

A Microsoft Technology Licensing patent application describes a system that would divide large AI training jobs into smaller tasks and run them on spare GPU capacity in gaming computers, laptops and other edge devices. Filed on April 30, 2025, and published on November 5, 2026, the proposal would monitor GPU use, memory, temperature and power, and pause work when devices are busy or hot. Owners would have to opt in, and the filing describes credits that could be exchanged for software, AI model access or cash, though payment is not required by any of its 20 claims. Microsoft has announced no service, payout rates or launch date, and questions remain about electricity costs, privacy and gaming performance.

OCC guide outlines how examiners may review banks’ AI systems

The Office of the Comptroller of the Currency (OCC) issued a guide to help bank examiners review AI systems, including generative AI and agentic AI that can act without a person stepping in each time. The guide covers six areas, including what a system can do, its safety controls, who oversees it and how a bank responds when it fails. The OCC says risks depend on an AI system’s freedom to act, and that human reviewers need the skill and authority to reject or stop its actions. Banks remain responsible for AI errors that harm customers or break the law, including problems caused by outside vendors; the guide does not create new requirements but signals what examiners may ask about in future reviews.

Orange brings several AI models together in new apps

Orange has launched Orange IAs Découverte, a free app for individual users, including people who use other mobile operators. It lets users choose or compare Anthropic’s Claude, Google’s Gemini, Mistral and OpenAI’s GPT, with one account and shared conversation history. Orange IAs Plus costs 10 euros per month, with no commitment, and is available only to Orange and Sosh customers; it adds advanced models, image generation, document analysis and phone support. Orange says it does not share users’ identities with AI providers or use their conversations to train models, and it will offer in-store digital workshops. The updated Orange and Sosh apps also bring together account services, cybersecurity tools, shopping, news and five partner services, including AlloCiné Mini, Deezer Hits, Playzer Originals, Quizz de Génie and ViaMichelin.

Sources

• Micron Stock Surges After CoreWeave's AI Earnings Surprise
• AI Trade Isn't Dead Yet: CoreWeave Rockets 15%, SanDisk Soars 11% As Chip Stocks Roar Back
• Aehr Test Systems Notches Another Post-Earnings Win as Sales Triple on AI Demand
• Resend drops approval gates, eats spam risk
• Beyond OpenAI and Anthropic: Where iCapital sees the next wave of AI winners
• Japan's Akita AI data center seen anchoring tech hub, boosting tax revenue
• Tech Peers Ramp Up AI Spending, but Apple’s Restraint Keeps Its Stock Steady
• Tech roundup: Webull announces direct AI connections
• Microsoft Patent Eyes Gamers' Idle GPUs as a Paid AI Training Grid
• OCC Gives Bank Examiners a New Playbook for Reviewing AI
• Orange Launches AI-Powered Super-Apps with Multiple Artificial Intelligence Models