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US Stock Analysis and Analyst Forecasts — November 11, 2026

The AI trade came roaring back as CoreWeave jumped about 24% on blowout quarterly results, lifting the Nasdaq 100 about 2.3% and erasing the Nasdaq's post-midterm losses, while AMD, Intel and Micron each rose more than 5%, Costco drew a higher target after a $30 special dividend, and General Mills was downgraded over dividend risk.

None of the following is our own view on any stock — it is a same-day record of market action, analyst activity and company news across the tracked universe on Wednesday, November 11, 2026. Equity markets were open for Veterans Day, but the U.S. bond market was closed.

Technology drove a broad rally. The S&P 500 finished up about 1.3% at 7,617.84, the Nasdaq 100 climbed about 2.3% to 28,374.25, and the Dow Jones Industrial Average added about 0.5% to 52,486.49. The Nasdaq Composite gained roughly 400 points, enough to wipe out all of the ground it had lost since last week's midterm elections. The 10-year Treasury yield was last quoted near 5%. Gold dropped sharply, ending near $3,984 an ounce, down close to 3.8%, while crude oil held near $86.60 a barrel and Bitcoin traded near $74,600.

The day reversed Tuesday's defensive mood, when investors had favored health care and consumer staples and a hotter-than-expected inflation reading had raised the odds of another Federal Reserve rate increase in December. Over the prior month, health care and staples had gained roughly 10% and 8% respectively while technology had fallen nearly 14%. On Wednesday the technology sector fund was up close to 4% by mid-afternoon, energy and industrials also outperformed — with Caterpillar (CAT) up about 3.6% and Alphabet (GOOGL) up about 2.2% — while health care was the weakest group. Microsoft (MSFT) went against the tide, slipping around 2.4%.

The catalyst was CoreWeave, which sits outside our tracked universe. The AI cloud operator reported third-quarter revenue of $3.66 billion, up 168% from a year earlier, said its order backlog rose 139% to $135.5 billion, raised its full-year revenue outlook to $13 billion to $13.3 billion, and said it expects roughly $9 billion of upfront customer payments and deposits over the next three months. Its shares rose about 24%. The result eased worries about the durability of AI spending: Nvidia (NVDA) rebounded about 3% after a two-day slide, Advanced Micro Devices (AMD), Intel (INTC) and Micron (MU) each gained more than 5%, and Dell (DELL) and Arm Holdings (ARM) were among the day's leaders. Untracked names Nebius, SanDisk and Bloom Energy also rallied, with SanDisk up close to 17% after unveiling a new embedded flash drive for connected devices. Intel's move came as the company drew attention to a growing robotics business.

Applied Materials (AMAT) rose about 8% in morning trade, extending a strong week ahead of its fiscal fourth-quarter report after Thursday's close; analysts expect revenue of about $10.30 billion and adjusted earnings of about $4.06 per share. The stock had fallen roughly 14% on November 5, when worries about tighter data-center rules after the midterms hit chip-equipment makers.

On the analyst front, Mizuho raised its price target on Costco (COST) to $1,100 from $1,065 and kept a Buy rating after the retailer declared a $30-per-share special dividend, payable December 4 to holders of record on November 24, and renewed authorization for up to $4 billion in buybacks; the firm noted the payout was well above the $18 to $20 it had expected. Piper Sandler downgraded General Mills, which is outside our tracked universe, to Neutral from Overweight and cut its target to $35 from $41, citing risk to the dividend as operating pressures and the up-front cost of its savings program tighten its finances.

Several consumer names lagged the rally, including Lululemon (LULU), McDonald's (MCD), Airbnb (ABNB) and Nike (NKE), along with drugmaker Merck (MRK). Looking ahead, Applied Materials reports on Thursday, November 12.

As always: a price target is one firm's estimate rather than a forecast of what a stock will do, a single report can move a stock far from where the consensus sits, and none of this is a recommendation to buy or sell anything.

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Published 2026-11-11. Market commentary, not investment advice. Prices are delayed end-of-day data.