November 11 (Reuters) – US stock index futures climbed on Wednesday, as CoreWeave’s better-than-expected earnings, market anticipation of an Anthropic PBC initial public offering (IPO), and OpenAI’s strong third-quarter results together reignited enthusiasm for AI-related trades. Despite oil prices snapping a two-day decline and inflation worries resurfacing, the market still rebounded. US consumer price data came in hotter than expected, driving Treasury yields sharply higher on Tuesday and increasing market bets on further Federal Reserve rate hikes. The US Treasury market was closed on Wednesday for Veterans Day. As of 8:24 a.m. New York time, S&P 500 futures were up 1%, while Nasdaq 100 futures, heavily weighted toward technology stocks, gained 2%. CoreWeave shares jumped as much as 19% in premarket trading after the company reported revenue above expectations and a full-year outlook stronger than Wall Street had forecast. For investors, the results helped ease concerns about the long-term sustainability of growth in AI infrastructure. Brian Mulberry, chief market strategist at Zacks Investment Management, said in a note that if CoreWeave can sustain similar execution over several consecutive quarters, related market concerns should gradually fade.