Stock futures rose Wednesday, boosted by sharp gains in CoreWeave and a rebound in Nvidia following back-to-back losing sessions for the chipmaker. Nasdaq-100 futures advanced 1.9%, while S&P 500 futures climbed 0.9%. Dow Jones Industrial Average futures gained 76 points, or 0.2%. Neocloud stock CoreWeave rallied 13% after the company reported third-quarter revenue that beat analyst expectations. CoreWeave also lifted its operating income and revenue guidance for 2026. CoreWeave’s results helped drive South Korea’s Kospi index 2.6% higher by close, with SK Hynix rising 5.36% and Samsung Electronics adding 3.57%. Elsewhere in Asia, Japan’s Nikkei 225 traded 0.85% higher on Wednesday. Australia’s S&P/ASX 200 added 0.23%. Hong Kong’s Hang Seng Index was down 0.66%, while the CSI 300 fell 0.39%. Nvidia, meanwhile, jumped 5% after the stock dropped nearly 10% to begin the week following CEO Jensen Huang confirming he had an affair with an alleged Chinese spy. The pullback in Nvidia weighed on the broader market Tuesday, with the major averages ending the session lower. Equities also fell on Tuesday after the latest U.S. inflation data solidified expectations for a December Federal Reserve rate hike. The consumer price index increased by 0.4% month over month in October, topping expectations. Expectations for a quarter-point rate increase next month rose to about 90% following the release, per the CME Group’s FedWatch tool. “Despite some technical uncertainty, higher than desired levels of inflation should keep the Fed in a stance of dissatisfaction with the degree of progress on inflation remaining lackluster, so hiking the Fed Funds policy rate in December is our and the market’s base case,” wrote Rick Rieder, CIO of global fixed income at BlackRock. “The question now is more of one of the extent of the hike.” Comments from Fed Governor Christopher Waller also led traders to price in greater chances of a quarter-point move. The U.S. bond market will be closed on Wednesday for Veterans Day. Oil prices rose on Wednesday after falling to two-month lows in the previous session, as the market swung between hopes for a de-escalation in the Iran war and concerns about ongoing attacks on shipping in the Strait of Hormuz. Brent futures climbed 71 cents, or 0.78%, to $92.20 a barrel by 0119 GMT. US West Texas Intermediate (WTI) crude rose 49 cents, or 0.57%, to $86.53. New data showed that 37 ships were attacked in the Strait of Hormuz and surrounding waterways in October, the highest monthly total since the start of the war, according to the Washington Institute for Near East Policy. And 10 attacks have been recorded so far in November. Gold prices edged higher on Wednesday after a nearly 3% slide in the previous session, but gains were limited as stronger-than-expected U.S. inflation data cemented expectations of a Federal Reserve interest rate hike next month, weighing on bullion. Spot gold was up 0.3% at $4,043.62 per ounce by 0303 GMT after falling nearly 3% to $4,017.21 on Tuesday. US gold futures for December delivery gained 0.5% to $4,051.10. “We’re seeing a technical retracement against Tuesday’s heavy losses, as bears book profits and wait for the next catalyst. Hot CPI and hawkish Fed comments have revived tightening expectations,” said Matt Simpson, a senior market analyst at StoneX.