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Tech sector rebounds on CoreWeave's strong earnings; Fed rate hike likely after October CPI surprise.

Market News
12 Nov 2026, 16:00 WIB
Seeking Alpha
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Bullish
Tech sector rebounds on CoreWeave's strong earnings; Fed rate hike likely after October CPI surprise.

The technology sector saw a sharp rebound led by CoreWeave's strong earnings and positive guidance, alleviating concerns about AI infrastructure demand. Despite this tech bounce, the analyst prefers sectors with more reasonable valuations and improving growth metrics. October's Consumer Price Index (CPI) came in higher than expected, likely ensuring a Federal Reserve rate hike in December, though the market reaction has been muted. Retail sales growth remains strong, supporting confidence in ongoing economic expansion despite inflation and other challenges.

The bull market and inflation concerns provide context for this data snapshot. For readers following the Technology sector, here is Pluang's market snapshot as of Nov 12, 2026 20:21 WIB: out of 150 priced US tech stocks, 25 rose and 121 fell. Notable movers include AXTI at USD 43.77 with a 1-day change of -6.81%, IREN at USD 19.46 down 6.62%, and BTDR at USD 6.57 down 6.54%.

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