Post-earnings beat plus strong guidance typically drives continued repricing and momentum over several sessions.
LIVE Tech stocks today: CoreWeave and Supermicro results win over investors Michael Intrator, Founder & CEO of CoreWeave, Inc. , Nvidia-backed cloud services provider, reacts during the company's IPO at the Nasdaq Market, in New York City, U. S.
, March 28, 2025. REUTERS/Brendan McDermid · Yahoo Finance · REUTERS / Reuters Daniel Howley · Technology Editor Updated Wed, August 12, 2026 at 5:39 PM GMT+2 1 min read META SMCI CRWV Tech stocks rose Wednesday as AI CoreWeave ( CRWV ) and Supermicro ( SMCI ) earnings results appeared to confirm that the AI buildout is keeping pace. CoreWeave stock climbed nearly 20% as it narrowed Q2 losses per share and said its sales backlog stands at $104 billion, with another $25 billion commitments already earmarked for Q3.
Supermicro, meanwhile, topped earnings projections and provided a robust Q1 outlook. Shares rose more than 16%. Outside of earnings, jury selection begins today in a landmark social media lawsuit filed by a coalition of 29 state attorneys general against Meta in an Oakland, Calif.
federal court. The attorneys general have accused Meta of purposely designing its apps to keep users coming back through capabilities like infinite scroll. Meta has denied wrongdoing.
Opening arguments kick of Aug. 18.
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