Good afternoon and welcome to Markets Desk, your midday read on what's moving markets right now.
CoreWeave surged thirteen percent today after the AI infrastructure company raised its forward outlook, directly addressing investor anxiety about whether demand for AI compute is sustainable. Neoclouds have been under heavy scrutiny this month, and this guidance lift offered the market a concrete reason to exhale and re-engage the trade.
That optimism rippled across the Atlantic, where European equities pushed toward fresh record territory. Steadier oil prices combined with solid corporate earnings gave investors the footing they needed, but it was the renewed confidence in artificial intelligence spending that really drove the session higher across Frankfurt, Paris, and London.
Meanwhile, a New York federal judge has denied crypto prediction platform Novig its injunction, ruling that its sports event contracts do not qualify as swaps under federal law. That distinction matters enormously. Had the court sided with Novig, it could have opened a pathway for prediction markets to claim CFTC jurisdiction and sidestep state gambling regulations entirely. Instead, New York keeps its enforcement authority, and the legal boundary between financial derivatives and sports wagering holds firm for now.
That's the tape. Markets Desk, signing off the floor.
