U.S. Futures Modestly Lower as Markets Pause After Rally
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 09 2026
0mins
After one of the strongest rallies of the year, futures are modestly lower. Markets are pausing and giving back part of yesterday's surge after the initial euphoria around the ceasefire. The two-week ceasefire between the U.S. and Iran remains intact on paper, but cracks are already emerging. Ongoing military activity in Lebanon, disputes over compliance and continued restrictions in the Strait of Hormuz are all raising doubts.Crude is rebounding back toward the $100 level following yesterday's collapse as traders price in the risk that supply disruptions persist. Energy stocks are stabilizing and bond yields are ticking higher again as rate-cut expectations get pushed out. Markets are now pricing a much lower probability of easing this year, with some Fed officials even signaling openness to hikes if inflation proves sticky.In pre-market trading, S&P 500 futures fell 0.24%, Nasdaq futures fell 0.13% and Dow futures fell 0.31%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -CoreWeaveup 2% after announcing an expanded, long-term agreement with Meta Platformsto provide AI cloud capacity through December 2032 for approximately $21BTexas Instrumentsup 1% after Stifel upgraded the stock to Buy with a price target of $250, up from $215UP AFTER EARNINGS -Staar Surgicalup 19%Richardson Electronicsup 15%Resources Connectionup 9%BlackBerryup 8%DOWN AFTER EARNINGS -Simply Good Foodsdown 22%Applied Digitaldown 2%LOWER -Zscalerdown 3% after BTIG downgraded the stock to Neutral with no price target and removed the stock from the firm's first half Top Picks listTradeweb Marketsdown 1% after TD Cowen downgraded shares to Hold with a price target of $129, down from $130Conagra Brandsdown 1% after BNP Paribas downgraded shares to Neutral with a price target of $16, down from $19
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Analyst Views on CRWV
Wall Street analysts forecast CRWV stock price to rise
25 Analyst Rating
12 Buy
13 Hold
0 Sell
Moderate Buy
Current: 105.890
Low
68.00
Averages
123.23
High
180.00
Current: 105.890
Low
68.00
Averages
123.23
High
180.00
About CRWV
CoreWeave, Inc. is a cloud infrastructure technology company. The Company offers the CoreWeave Cloud Platform, which consists of software and cloud services that deliver the automation and efficiency needed to manage complex artificial intelligence (AI) infrastructure. Its CoreWeave Cloud Platform is an integrated solution that is purpose-built for running AI workloads such as model training and inference. Its solutions include infrastructure services, managed software services, and application software services. Its Infrastructure Services provide its customers with access to advanced graphics processing unit (GPU) and central processing unit (CPU) compute, highly performant networking, and storage. Its Managed Software Services include CKS, a flexible virtual private cloud and a bare metal service that runs kubernetes directly on high-performance servers. Its Application Software Services build on top of its infrastructure and managed software services, integrating additional tools.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Tech Sector Dominance: Companies like Meta and Alphabet made the largest contributions to market improvement, with the 'Magnificent Seven' achieving an average Q1 profit growth of 63%, significantly outpacing the 17% growth of the other 493 stocks, underscoring the tech industry's critical role in overall market performance.
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- Dependency on Future Growth: Analysts project a 23% earnings growth for the S&P 500 in 2026, yet the tech sector's future growth heavily relies on the performance of other tech firms, where any failure could undermine revenue expectations, adding uncertainty to the market outlook.
See More
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- Earnings Growth Highlights: According to FactSet, 84% of S&P 500 constituents exceeded analyst expectations in Q1, with earnings growth surpassing 28%, marking the fastest year-over-year growth since the worst of the COVID-19 pandemic in 2021, showcasing robust corporate earnings momentum.
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See More
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- SpaceX's Vast Potential: In its prospectus, SpaceX claims to have identified the largest actionable total addressable market in history, valued at $28.5 trillion, including $370 billion in space opportunities and over $26 trillion in AI, showcasing its future growth potential.
- Significant Financial Challenges: Despite SpaceX's revenue climbing 79% to $18 billion in 2023, its merger with xAI resulted in an operational loss exceeding $6 billion and capital expenditures over $12 billion, highlighting profitability pressures in its pursuit of AI technology.
- Investor Risk Appetite: While SpaceX and Cerebras differ in profitability, both are in the high-investment, high-potential AI sector, attracting aggressive investors seeking emerging tech opportunities, potentially replicating Cerebras' success during SpaceX's IPO.
See More
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- Cerebras First Day Performance: Cerebras saw its stock price surge from $185 to $350 on its IPO debut, marking a 68% increase, indicating strong investor interest in its AI chip technology and suggesting significant future market potential.
- Significant Technological Edge: The chip designed by Cerebras is 58 times larger than Nvidia's, offering exceptional memory bandwidth and speed, with performance surpassing GPU systems in certain scenarios, leading to a $20 billion multi-year contract with OpenAI.
- SpaceX IPO Outlook: SpaceX is set to launch its IPO, potentially valued at nearly $2 trillion, tapping into a $28.5 trillion market opportunity, which excites investors about its prospects in AI and space, likely attracting more risk capital.
- Profitability Challenges and Risks: While both Cerebras and SpaceX show high growth potential in AI, neither has achieved profitability; Cerebras continues to operate at a loss, and SpaceX's AI division reported over $6 billion in operational losses last year, prompting investors to carefully weigh risks against potential returns.
See More
Taiwan Semiconductor: AI-Driven Growth Engine
- Significant Revenue Growth: In Q1 2023, TSMC generated $35.9 billion in revenue with a net profit margin of 50.5%, a substantial increase from $19.6 billion and $0.29 EPS three years ago, highlighting the company's robust performance in the AI market.
- Surge in High-Performance Computing Revenue: Since 2020, the revenue share from high-performance computing chips has skyrocketed from 30% to 43%, with projections of reaching 61% by 2026, indicating TSMC's strong adaptability to technological advancements and market demand.
- Market Dominance: TSMC commands approximately 70% of the global chip manufacturing revenue, with major clients including Nvidia, Intel, and Apple, underscoring its irreplaceable position and competitive edge in the semiconductor industry.
- Rising Stock Price: TSMC's stock has risen 33% year-to-date, and as AI technology continues to evolve, the company is expected to benefit further, driving stock price increases and solidifying its market leadership.
See More
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- Significant Revenue Growth: TSMC generated $35.9 billion in revenue in Q1 2023 with a remarkable 50.5% net profit margin, showcasing a strong growth trajectory compared to $19.6 billion in Q1 2020, reflecting the company's successful pivot towards high-performance computing.
- High-Performance Computing Contribution: The revenue share from high-performance computing chips surged from 30% in 2020 to 43% in 2023, indicating that the rapid advancement of AI technology is driving TSMC's business model transformation and further solidifying its dominant position in the global semiconductor market.
- Sales Driven by Technological Advancements: In the most recent quarter, 61% of TSMC's revenue came from the production of 3nm and 5nm chips, which feature smaller transistors that enhance performance, demonstrating TSMC's ongoing leadership in technological innovation and strengthening its competitive edge in the market.
- Stable Market Share: TSMC holds approximately 70% of the global chip manufacturing market share, with clients including Nvidia, Intel, and Apple; despite competitive pressures from Intel, TSMC remains the preferred partner for many chipmakers, and its stock price is expected to continue rising.
See More
