Nasdaq Futures Jump Over 500 Points on CoreWeave Tech Rally

Stock futures are surging this morning, as upbeat earnings from CoreWeave (CRWV) revive enthusiasm for AI stocks on a global scale. The Nasdaq-100 Index (NDX) is up over 500 points before the bell, while the S&P 500 Index (SPX) and Dow Jones Industrial Average (DJI) are pointed firmly higher as well. Elsewhere, oil prices are rebounding from two-month lows, after Iran said it would not allow enriched nuclear material to leave the country.

Continue reading for more on today's market, including:

• Why a spike in put buying could have bullish implications, per Schaeffer's Senior Quantitative Analyst Rocky White. 
• Palantir Technologies stock could soon stage a bounce. 
• Plus, more on CRWV; behind NN's surge; and NVDA brushes off a downgrade. 

1. The Cboe Option Exchange saw a whopping 1.9 million call contracts and 1.4 million put contracts traded on Tuesday. The single-session equity put/call ratio rose to 0.77, while the 21-day moving average remained at 0.59. 
2. CoreWeave Inc (NASDAQ:CRWV) is up 15.3% premarket, after the cloud computing company reported better-than-expected third-quarter results and raised its full-year revenue outlook. Year to date, CRWV is down 32%. 
3. NextNav Inc (NASDAQ:NN) is up 10% before the bell, following the company's third-quarter earnings report. Revenue nearly doubled year over year, while losses narrowed to 4 cents per share from 12 cents a year earlier. The company also reported cash, cash equivalents, and short-term investments of $264.1 million as of Sept. 30, up from $152.1 million at the end of 2025. Poised to extend a to bounce off recent lows, NN is down 49.5% in 2026.
4. Nvidia Corporation (NASDAQ:NVDA) is up 4% in premarket trading, looking to recover some of its recent losses despite a downgrade from Baird. The brokerage cut its rating to "neutral" from "outperform" and slashed its price target to $200 from $500, citing concerns over data center visibility. The chipmaker has shed 9.4% year to date.

5. More inflation data due out later this week. 

European Markets Rise Amid Chip Rally

Asian markets finished mostly higher Wednesday, after the Chinese Central Bank promised to make the needed adjustments to optimize the supply and demand gap that is causing economic imbalance. For the session, Japan’s Nikkei added 1.3%, South Korea’s Kospi surged 2.6%, China’s Shanghai Composite rose 0.5%, and Hong Kong’s Hang Seng was the only loser, slipping 1%.

European stocks are in the black, as investors keep a close watch on inflation developments and Fed comments out of the U.S. The chip rally is also giving markets a lift. At last check, London’s FTE 100 is up 0.4%, France’s CAC 40 is 0.3% higher, while Germany’s DAX leads the group with a 0.8% pop.