AI Stocks Rebound After Sharp Sell-Off as Nvidia, ASML and Chipmakers Recover

AI stocks rebounded on Wednesday after a period of steep losses. Nvidia, ASML and other chipmakers rallied on fresh quarterly results from CoreWeave, which is growing far faster than a year ago. But a key question remains: how much profit will the massive investments in AI data centers ultimately deliver?

At around 3:49 p.m. Dutch time on Wednesday, November 11, the US Nasdaq Composite was up 1.16%. The broader S&P 500 gained 0.76%, while the Philadelphia Semiconductor Index, a key gauge of US chip stocks, climbed about 3%.

Technology stocks also rose in Europe. Chipmaking equipment suppliers and companies providing components for AI data centers were among the biggest beneficiaries of the improved mood.

The rebound follows a turbulent stretch in which concerns about debt, lofty valuations and the financing of AI infrastructure weighed heavily on tech stocks.

The main catalyst for the recovery was CoreWeave’s quarterly report. The US company rents specialized computing power to businesses developing and running large AI models.

CoreWeave’s latest quarterly results showed a sharp jump in revenue. Third-quarter revenue reached $3.66 billion, up from $1.37 billion a year earlier—an increase of about 168%.

The company also raised its full-year 2026 revenue forecast to between $13 billion and $13.3 billion.

Investors welcomed the news. According to Reuters, CoreWeave shares rose about 12.7% in early US trading. Other AI infrastructure providers, including Nebius and Applied Digital, also posted strong gains.

The results suggest that companies are still spending heavily on AI computing power. CoreWeave generates most of its revenue by renting out specialized data center capacity.

But there’s a major caveat.

CoreWeave also reported a net loss of $709 million, up from $110 million a year earlier. Net interest expense rose to $846 million in the same quarter.

The company also expects to invest between $37 billion and $39 billion in infrastructure in 2026.

CoreWeave is targeting positive adjusted profitability in the first half of 2028. That does not mean it expects to report a net profit under standard accounting rules by then.

That gap captures the uncertainty surrounding AI stocks: revenue is surging, but companies need enormous amounts of capital to sustain that growth.

Nvidia shares also moved back into positive territory on Wednesday, rising about 2.4% in early trading after the company lost an estimated $430 billion in market value over two sessions.

In recent days, Nvidia has faced uncertainty surrounding CEO Jensen Huang, as well as reports of potential security concerns. The allegations should not be treated as established wrongdoing. AI Wereld has previously examined the questions surrounding Huang and the potential impact on Nvidia.

The developments have made the stock especially sensitive to news.

Nvidia supplies many of the powerful AI processors and computer systems driving the current expansion of AI data centers. Its customers are pouring billions into new systems, but investors want to know how long that pace of spending can last.

That question will take center stage next week.

On Tuesday, November 17, Nvidia will report its next quarterly results. According to the company’s official announcement, the results are due at around 10:20 p.m. Dutch time, followed by a call with analysts at 11 p.m.

With its previous results, Nvidia forecast revenue of about $108 billion for the coming quarter, with a possible variation of 2% either way.

Investors will be watching more than revenue and profit. Guidance on future deliveries, new AI systems and spending by major customers will also draw close attention.

The upbeat mood also spread to Europe’s chip sector.

In Wednesday’s trading, ASML gained about 3%. Dutch peer ASM International rose around 6%, while Germany’s Infineon climbed about 6.7%.

The moves in European markets show that investors are looking beyond companies that design AI processors.

ASML supplies lithography machines that chipmakers use to etch complex circuits onto silicon. ASM International makes equipment for depositing ultra-thin layers of material on chips—an essential step in advanced manufacturing.

That ties both companies’ revenue to chipmakers’ investment plans.

The outlook is especially significant for ASML. The company reported third-quarter revenue of €11.7 billion and net income of nearly €5 billion.

ASML has also warned that demand for its advanced machines could outstrip planned production capacity in 2027 and 2028.

That is a different challenge from the one facing CoreWeave. AI cloud companies must raise huge sums to fund servers and buildings; for ASML, the key question is how many machines it can build and deliver.

Besi is another Dutch AI hardware company worth watching. Based in Duiven, it develops equipment that connects chips and memory components with extreme precision. Its hybrid bonding technology is helping advance powerful, energy-efficient processors.

The stock has swung sharply in recent weeks. AI Wereld has previously covered the volatility surrounding ASML and Besi.

Other US chip stocks also made strong moves on Wednesday.

Memory-chip maker Micron rose about 6.8% in early trading. Marvell Technology, which makes data-center connectivity products and specialized chips, gained around 5.5%.

Both companies supply components for the infrastructure that powers AI systems.

Memory, for example, keeps vast amounts of data readily available to AI processors. Network chips enable thousands of processors to communicate efficiently.

But the rebound has not erased concerns in financial markets.

Interest rates remain a key risk. Higher borrowing costs make new data centers more expensive to build, putting pressure on companies that rely heavily on debt and future revenue.

And an order for new AI hardware does not automatically translate into a profitable investment for the customer.

The next round of earnings reports should offer more clarity. Applied Materials, a major supplier of chipmaking equipment, reports results on November 12. Nvidia follows on November 17.

For now, Wednesday’s market moves show that fresh growth figures can still quickly restore confidence in AI stocks.

Price data: The US percentage changes are intraday figures from Wednesday, November 11, 2026, at around 9:49 a.m. New York time (3:49 p.m. in the Netherlands). The European figures are also intraday indications reported on Wednesday, not final closing prices. This article does not constitute personal investment advice.