Watch Markets This Week: CoreWeave, Inflation Data, AI Trade
Wall Street opens a week packed with AI-sector earnings and inflation data after a volatile stretch. CoreWeave, Nebius and Cerebras report results, while October consumer and wholesale price figures follow a jobs report that beat expectations at 165,000 positions.
US investors head into the week of November 9, 2026, with the stock market whipsawed by a sell-off and a Friday bounce, and the schedule is crowded. Earnings from three AI infrastructure companies and two October inflation reports are the main events to watch in markets this week.
Volatility, measured by the VIX index, is running hot. Goldman Sachs' panic gauge suggested the extremes could mean more of Friday's bounce to come, according to Yahoo Finance's market team.
Earnings and data on the calendar
CoreWeave reports quarterly results early in the week. Nebius Group and Cerebras Systems follow later, all three caught up in the post-election slump in data center stocks.
Investors will listen for their plans and outlook, the debt markets they have been tapping, and the health of their businesses. The reports land a week after the midterm elections.
On the economic calendar, the New York Fed's consumer inflation expectations open the week. Actual inflation data arrive early in the week, and wholesale inflation figures close it.
Two AI narratives pull against each other
The market is split over whether the chip and AI infrastructure trade matters more than the companies that actually provide AI. A data center slowdown hurts the first group but could help Big Tech profits, the Morning Brief argued on Friday.
Google, Microsoft and Amazon have held up since the election despite the broader sell-off. Tesla has fallen, while SpaceX is mostly doing fine.
DataTrek's Nicholas Colas wrote that the moves are "AI-centric, not augurs of a looming recession." He said the weekly picture matters more than one bad day.
Nvidia shares fell 5% in premarket trading on Monday, after the company's board said it is investigating reports involving CEO Jensen Huang. The board said it does not believe any secrets were leaked.
Inflation test after a strong jobs report
Friday's jobs report showed 165,000 jobs added. September's figure of 29,000 was revised up to 60,000.
The report suggests recession worries are not pressing for now. Two or more hot inflation readings, however, could make some investors nervous.
One note flagged comes from Apollo's Torsten Sløk, who wrote that the Fed rates needed to bring inflation down to its 2% target could be as high as 6.75%.
