CoreWeave’s accelerating revenue growth triggered gains across AI infrastructure stocks and pushed Nasdaq futures higher, while Bitcoin and gold remained largely unchanged over the past 24 hours.

Shares of CoreWeave (CRWV) jumped 10% in Wednesday’s premarket trading after the AI-focused cloud computing provider delivered a strong third-quarter performance, offering fresh momentum to a sector that has recently faced pressure. Bitcoin (BTC) and gold, by comparison, showed limited movement.

CoreWeave announced a 168% year-over-year revenue increase for the third quarter and raised its annual revenue forecast to between $13 billion and $13.3 billion. However, the company also reported a wider net loss of $709 million, or $1.27 per share, as increased interest expenses continued to pressure its bottom line.

The rally extended to other companies operating in the AI infrastructure space. IREN (IREN) shares rose 6%, Galaxy Digital (GLXY) gained 5%, and Cipher Digital (CIFR) advanced 7%. Nasdaq 100 futures also strengthened, rising more than 1.5%.

In the cryptocurrency and commodities markets, Bitcoin traded close to $74,000, while gold hovered around $4,000 an ounce. Both assets remained relatively stable throughout the 24-hour trading period.

The U.S. Dollar Index held above the 102 level as stronger-than-expected inflation data released Tuesday reinforced expectations of continued elevated interest rates. According to market pricing, investors saw an 86% likelihood of a 25-basis-point Federal Reserve rate increase on Dec. 9, while the probability of a 50-basis-point adjustment stood at 14%.

Meanwhile, Anthropic’s potential stock market debut is attracting growing attention. Bankers advising the AI company are reportedly evaluating an IPO valuation of at least $1.5 trillion, above the roughly $1.4 trillion figure discussed previously, according to a Financial Times report citing people familiar with the matter.

Google, Nvidia and Microsoft are among the strategic investors expected to participate in a separate $26 billion private placement. The investment is reportedly expected to be priced at the same valuation as Anthropic’s planned IPO.