AI cloud giant CoreWeave jumped in premarket trading after reporting that its second-quarter revenue doubled on surging AI demand from hyperscalers.

CoreWeave and Supermicro reported positive earnings results, reflecting the ongoing growth in the AI market that continues to bolster their sales. Additionally, Silicon Data has raised new funding to develop independent benchmarks for AI compute, indicating further investment in the sector.

Asian stocks rose and US equity-index futures advanced as CoreWeave reported stronger-than-expected sales growth. Super Micro's revenue forecast also topped estimates, contributing to the positive market sentiment.