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Hello, this is Leonie Kidd with today's edition of Morning Squawk.
CoreWeave is providing the tailwind for futures today, helping lift neocloud stocks, while a rebound for Nvidia is also supporting the chip space.
But is it enough to dull the lingering doubts around the AI trade?
CoreWeave shares are surging in premarket trading, up over 16% overnight, after the neocloud group posted a 168% spike in third-quarter revenue.
The group also lifted its 2026 guidance , driving other neocloud stocks higher.
But bear in mind that shares are down 65% from their May highs, losing over 40% of their value in the last month alone.
Nvidia shares are extending gains in premarket trading, up just over 3%.
The move is also supporting gains for Broadcom , AMD , Intel and Nebius .
CNBC's Seema Mody spoke to sources within Nvidia who said Huang walked into the group's Santa Clara, California, headquarters on Monday to hold his regular meeting with top-level executives.
To go inside that meeting, read the full piece here on CNBC.com.
Anthropic is offering 825 million shares at a price range of $70-78 per share.
Sources close to the deal told CNBC the AI titan is planning to price on November 18 and trade on November 19.
CNBC's Morning Squawk recaps the biggest stories investors should know before the stock market opens, every weekday morning.
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The House of Representatives has effectively voted down an attempt to impeach Defense Secretary Pete Hegseth.
The House, by a 211-204 margin, approved a measure that will refer the impeachment resolution to a committee, leaving little time for it to be acted on before Democrats take over in January.
Tokenization: The next evolution of the stock market
The U.S. equity market has repeatedly changed its underlying mechanics while the asset itself — a share of stock — has remained largely the same.
Trading moved from floors and phone calls to electronic venues. Settlement cycles compressed. Commissions fell to zero. Fractional shares and online brokerages expanded retail participation.
The next major change may already be underway.
— CNBC's Jordan Novet, April Roach, Dan Mangan, Kif Leswing, Alexa LoMonaco, Chloe Taylor, Isabella Gao and Garrett Downs contributed to this report.
