Market movers: CoreWeave surge, Alibaba rebound, and JetBlue’s outlook

CoreWeave, a tech firm, reported third-quarter revenue significantly exceeding expectations, marking a 168% increase compared to the previous year. The company’s projected adjusted operating income for 2026 also surpassed forecasts. Despite this positive news, shares have declined 65% from their peak in May. Michael Intrator, CoreWeave’s CEO, is scheduled for a live interview Wednesday at 9 a.m. ET.

Nebius shares have fallen 55% since June, but experienced a 5% increase after hours. Iren’s stock is down 72% from its June high, with a 2% after-hours gain.

Attention is also focused on Alibaba, which has seen a 43% drop from January highs, but has rebounded with a near 5% increase this November. CNBC’s Eunice Yoon will provide coverage of Veterans Day and Singles’ Day in China.

JetBlue CEO Joanna Geraghty will participate in an exclusive interview with Phil LeBeau on Wednesday at 10 a.m. ET. The airline’s stock is down 40% from its 52-week high. Recent reports suggested JetBlue’s creditors had engaged advisors, but Geraghty refuted this, stating the company is “making progress in the underlying business.” JetBlue shares have risen 40% this November.

In a recent interview on “Mad Money,” Jim Cramer questioned T-Mobile CEO Srini Gopalan about competition from SpaceX. Gopalan responded, stating SpaceX is “still trying to figure things out,” and emphasized that customer choice will determine success. T-Mobile’s stock is down 25% from February highs but has seen an 8% increase this November. The U.S. bond market is closed Wednesday for Veterans Day.